TITLE

Berating the Raters

AUTHOR(S)
Gasparino, Charles
PUB. DATE
November 2007
SOURCE
Trader Monthly;Nov/Dec2007, Vol. 4 Issue 6, p60
SOURCE TYPE
Periodical
DOC. TYPE
Editorial
ABSTRACT
The author focuses on the role of credit-rating agencies in the subprime crisis in the U.S. The market-surveillance unit of the Securities and Exchange Commission (SEC) and the Office of Compliance Inspections and Examinations are planning to divide regulatory duties concerning rating agencies. He mentions that the SEC ignored the failures of the agencies because it believed it had too many significant issues to be addressed. He cites the implications of move by agencies to hand out investment-grade ratings to collateralized debt obligations (CDOs.)
ACCESSION #
27802854

 

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