I presume, but I don't want to put a conclusion forward without your comment, that at least the SEC seems to be headed in the right direction now.
One of the aspects of the legislation I proposed is to at least adjust the pleading standards and effectively, a private...
I am very pleased Chairman Dodd and Ranking Member Shelby have chosen to have a hearing examining proposals to enhance t...
From these hearings, it is clear that problems at credit rating agencies contributed to the significant financial sector...
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...
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.
the Treasury proposal would require firms to register, subject them to high compliance costs, put at risk some firms' in...
However, during the past year we have witnessed a significant amount of market instability stemming in part from the fai...