New shake-up for raters after shake-down at SEC roundtable

16 Apr 2009

Investors put forward an array of proposals for reform of credit rating agencies this week at a roundtable sponsored by the US Securities and Exchange Commission.

Chairman Mary Schapiro started the proceedings by declaring: "The status quo isn’t good enough." She indicated that the SEC would consider making further changes to its regulations, beyond those already implemented.

While the solutions proposed by investors and other panellists varied widely, several themes cropped up repeatedly. Most prominent ...

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