What I believe we have to do is to give legislative support to the SEC's efforts to focus on transparency through enhanced disclosure, and also to counteract the appearance or subs...
In our judgment, the credit rating agencies shouldn't be able to opt out of having high standards and a level playing fi...
One of the aspects of the legislation I proposed is to at least adjust the pleading standards and effectively, a private...
the Treasury proposal would require firms to register, subject them to high compliance costs, put at risk some firms' in...
The proposal I have made is not to change that liability standard but to change explicitly the pleading standard.
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...
Today's hearing addresses a critical part of this Committee's work to modernize the financial regulatory system--strengt...