John Walsh actually said...

[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.

Context

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

02/16/2011

https://www.congress.gov...

More John Walsh Quotes

View All John Walsh Quotes