Trouble of removing ratings highlighted by SEC
SEC proposal to remove ratings shows difficulty ahead for other US regulators, including banking agencies
The furore caused by a proposal to remove ratings from various Securities and Exchange Commission (SEC) rules highlights the tough task ahead for US regulators in reducing their reliance on credit ratings.
The Dodd-Frank Act requires federal agencies to review the use of credit ratings in financial rules and remove them where feasible. In replacing ratings, “agencies shall seek to establish, to
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