TITLE

Lawmakers Threaten to Shift Rating Agency Oversight

AUTHOR(S)
Hume, Lynn
PUB. DATE
September 2004
SOURCE
Bond Buyer;9/15/2004, Vol. 349 Issue 31969, p4
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article informs that the U.S. Republican and Democratic leaders of the House Financial Services Committee's capital markets panel warned that if the Securities and Exchange Commission does not take action within the next year to improve its oversight of credit rating agencies, law makers might consider shifting the job to another regulatory agency such as the Federal Reserve. The panel's leaders have been concerned that the rating agencies' ratings have not adequately reflected financial troubles at companies and state and local governments on a timely basis.
ACCESSION #
14422279

 

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