Political Quotes

John Walsh: “[R]egional and community banks noted [in their comments] that using internal risk assessment systems to measure credit…”

On the recordFebruary 16, 2011
[R]egional and community banks noted [in their comments] that using internal risk assessment systems to measure credit worthiness for regulatory purposes would be costly and time consuming . . . . These concerns could be addressed if section 939A is amended in a targeted manner that allows institutions to make limited use of credit ratings.
Said by
John Walsh
Democratic · Montana

Editor's note · Context

John Walsh discusses concerns from banks about the costs of using internal risk assessments.

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