Senator Reed's bill struck a very sensible compromise in my judgment.
I particularly want to commend Senator Shelby because it was his leadership really in 2006 that first gave the SEC the c...
Credit rating agencies are in the business of providing investors with unbiased analysis, but the current incentive stru...
I think it is important, because we specifically point out that their ratings would not be considered a forward-looking ...
The purpose of the RATE Act is to strengthen the Securities and Exchange Commission's (SEC) oversight of credit rating a...
What I believe we have to do is to give legislative support to the SEC's efforts to focus on transparency through enhanc...
In our judgment, the credit rating agencies shouldn't be able to opt out of having high standards and a level playing fi...
Thank you very much, Mr. Chairman.
One of the aspects of the legislation I proposed is to at least adjust the pleading standards and effectively, a private...
From these hearings, it is clear that problems at credit rating agencies contributed to the significant financial sector...
the Treasury proposal would require firms to register, subject them to high compliance costs, put at risk some firms' in...
I think myself I would prefer it to be the Federal Reserve, but whichever--does have, I think, the need to look across o...
So it would be very clear that this regulator would be the primary regulator of all these functions, even if they feel u...
Should we have this agency dedicated funding, not through the appropriations process?
Today's hearing addresses a critical part of this Committee's work to modernize the financial regulatory system--strengt...
I just want to welcome him back and let him know what a good thing it is to see him back in the institution to which he ...
You are embarking, each of you, in somewhat different ways on a career of public service that will entail a lot of hard ...
I want to thank all of you for your presence here today. This is a very distinguished panel.
