Ratings, regulation and risk
Michel Prada stepped down from his second stint as head of the technical committee of the International Organisation of Securities Commissions at its annual conference on May 29. He is also president of the Autorité des Marchés Financiers, the French regulator. He talks to Radi Khasawneh about the effect of the subprime crisis on regulators and rating agencies. Additional reporting by Mark Pengelly
Michel Prada marked the end of his tenure as chairman of the Madrid-based International Organisation of Securities Commissions' (Iosco) technical committee by submitting reports from two task forces in May. One of these was an analysis on the effects of the subprime crisis, the culmination of an effort that began in November 2007.
The report touches on issuer transparency and investor due
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