Regulating the raters: Key provisions in proposed reforms
Abstract: Credit rating organizations such as Moody's and Standard & Poor's have been counted on to provide investors with impartial assessments of companies' creditworthiness, and some have relied on CROs instead of due diligence. Reforms are needed but if regulators have rule-writing authority, they can use flexibility and creativity rather than just legislation.
File format is application/pdf
Description: Full text
Provider: Federal Reserve Bank of Cleveland
Part of Series: Forefront
Publication Date: 2010