The proposal I have made is not to change that liability standard but to change explicitly the pleading standard.
Credit rating agencies are in the business of providing investors with unbiased analysis, but the current incentive stru...
From these hearings, it is clear that problems at credit rating agencies contributed to the significant financial sector...
The purpose of the RATE Act is to strengthen the Securities and Exchange Commission's (SEC) oversight of credit rating a...
I think it is important, because we specifically point out that their ratings would not be considered a forward-looking ...
However, during the past year we have witnessed a significant amount of market instability stemming in part from the fai...
I am very pleased Chairman Dodd and Ranking Member Shelby have chosen to have a hearing examining proposals to enhance t...
I particularly want to commend Senator Shelby because it was his leadership really in 2006 that first gave the SEC the c...
Senator Reed's bill struck a very sensible compromise in my judgment.
I think this was something that we should pursue.
In our judgment, the credit rating agencies shouldn't be able to opt out of having high standards and a level playing fi...