OCC seeking change to rating ban in Dodd-Frank, reveals Walsh

john-walsh
John Walsh, OCC

The Office of the Comptroller of the Currency (OCC) is speaking to legislators in the US Congress about changing a clause in the Dodd-Frank Act that requires regulators to remove all references to credit ratings from financial rules, according to John Walsh, acting head of the OCC in Washington, DC.

The clause – section 939A of the Dodd-Frank Act – was included as part of a response to the failure of rating agencies to accurately measure the risks posed by structured credit products before the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here