Cox: SEC Crafting Reforms for Raters With Legislation Uncertain

Hume, Lynn
April 2006
Bond Buyer;4/26/2006, Vol. 356 Issue 32368, p4
Trade Publication
The article reports that the U.S. Securities and Exchange Commission (SEC) is making regulatory reforms for credit rating agencies to register with SEC as nationally registered statistical rating organization (NRSRO). SEC Chairman Christopher Cox has said that they stand ready to provide members of the Congress with technical guidance to enact the legislative reforms. Cox also emphasized that without new legislative authority, the SEC can withdraw a rating agency's NRSRO status and file actions.


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