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SEC rules on credit-rating agencies a wake-up call for procurement - Procurement Leaders (blog)

Google News - Mon, 09/01/2014 - 13:37

Procurement Leaders (blog)

SEC rules on credit-rating agencies a wake-up call for procurement
Procurement Leaders (blog)
Coincidentally – or not – the issuers of those securities pay the agencies for the ratings. Did that represent a quid pro quo? Authors of the 2010 Dodd-Frank financial overhaul act thought it could and directed the SEC to take regulatory action. It ...
SEC OKs Rules for Asset-Backed Securities, Credit Rating AgenciesThe American Lawyer (registration)
SEC Adopts Credit-Rating ReformsThe National Law Journal (registration)
SEC Enacts New Rules for Loan-Backed SecuritiesCPAPracticeAdvisor.com (registration)
Business Standard
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SEC OKs Rules for Asset-Backed Securities, Credit Rating Agencies - The American Lawyer (registration)

Google News - Mon, 09/01/2014 - 11:31

The American Lawyer (registration)

SEC OKs Rules for Asset-Backed Securities, Credit Rating Agencies
The American Lawyer (registration)
The Securities and Exchange Commission approved additional disclosure requirements for issuers of asset-backed securities and has tightened its control over credit rating agencies in order to better protect investors, the agency announced on Wednesday.
SEC Adopts Credit-Rating ReformsThe National Law Journal (registration)
SEC Enacts New Rules for Loan-Backed SecuritiesCPAPracticeAdvisor.com (registration)
Still conflictedBusiness Standard

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Big US rating agencies get new European rival - Financial Times

Google News - Sun, 08/31/2014 - 13:50

Big US rating agencies get new European rival
Financial Times
Scope Ratings, the Berlin-based rating agency, has appointed Torsten Hinrichs as chief executive officer in the next stage of its plan to create a European rival to Fitch, Moody's and Standard & Poor's. Mr Hinrichs said he intends to build a “viable ...

Categories: News

Rating agencies will take note of economic revival: Mayaram - Indian Express

Google News - Sat, 08/30/2014 - 21:44

NDTV

Rating agencies will take note of economic revival: Mayaram
Indian Express
“The Indian economy is on upward trajectory and this has been noticed globally and therefore, I am quite confident that the rating agencies will notice this,” Mayaram said while addressing the press conference to mark 100 days of the NDA government.
Rating Agencies Will Take Note of Economic Revival: Arvind MayaramNDTV

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Rating Agencies Will Take Note of Economic Revival: Arvind Mayaram - NDTV

Google News - Sat, 08/30/2014 - 14:54

NDTV

Rating Agencies Will Take Note of Economic Revival: Arvind Mayaram
NDTV
New Delhi: Indian economy is on upward trajectory and the global rating agencies will take note of the development, Finance Secretary Arvind Mayaram said on Saturday. "The Indian economy is on upward trajectory and this has been noticed globally and ...

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It's Wolves vs. Lambs, and the Winner Is… - Barron's

Google News - Sat, 08/30/2014 - 08:32

It's Wolves vs. Lambs, and the Winner Is…
Barron's
The second rule is aimed at eliminating the conflicts of interest within the credit-rating agencies that led them to rate risky asset-backed securities as high-quality credits and, in turn, enabled issuers to sell even more of these polecats to ...

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It's Wolves vs. Lambs, and the Winner Is… - Barron's

Google News - Sat, 08/30/2014 - 08:32

It's Wolves vs. Lambs, and the Winner Is…
Barron's
The second rule is aimed at eliminating the conflicts of interest within the credit-rating agencies that led them to rate risky asset-backed securities as high-quality credits and, in turn, enabled issuers to sell even more of these polecats to ...

Categories: News

The SEC Adds 60 More Bullet Points on Credit-Ratings Agencies - MarketMinder

Google News - Fri, 08/29/2014 - 21:26

The SEC Adds 60 More Bullet Points on Credit-Ratings Agencies
MarketMinder
Wednesday, the SEC continued its piecemeal approach to dealing with offshoots of 2008's financial crisis, passing new rules on credit-ratings agencies in a 3-2 vote. In our view, this latest rater reform is a small positive, but it doesn't really ...

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Rating agencies must report on controls under new SEC rules - Central Banking (subscription)

Google News - Fri, 08/29/2014 - 19:14

Rating agencies must report on controls under new SEC rules
Central Banking (subscription)
Under new Securities and Exchange Commission (SEC) requirements adopted on August 28, chief executives of rating agencies will need to provide annual reports on internal control efficiency, while each rating announcement must be accompanied by ...
You Now Have Two Ways To Evaluate Mortgage-Backed SecuritiesDealBreaker

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The SEC Adds 60 More Bullet Points on Credit-Ratings Agencies - MarketMinder

Google News - Fri, 08/29/2014 - 16:35

The SEC Adds 60 More Bullet Points on Credit-Ratings Agencies
MarketMinder
In the sovereign market, issuer ratings are usually considered “in the general public's interest,” so they're free (whee!). But corporations and municipalities pay the rater, creating a potential conflict of interest, since raters could theoretically ...

Categories: News

SEC Adopts Credit Rating Agency Reform Rules - Insurance News Net

Google News - Thu, 08/28/2014 - 23:20

SEC Adopts Credit Rating Agency Reform Rules
Insurance News Net
The Securities and Exchange Commission today adopted new requirements for credit rating agencies to enhance governance, protect against conflicts of interest, and increase transparency to improve the quality of credit ratings and increase credit rating ...

Categories: News

The big hole in Washington's rating agency reform - The Globe and Mail (subscription)

Google News - Thu, 08/28/2014 - 22:17

The big hole in Washington's rating agency reform
The Globe and Mail (subscription)
Washington has missed a trick with rating agency reform. On Wednesday the U.S. Securities and Exchange Commission finally approved new rules for judging the riskiness of asset-backed bonds. Some are modestly helpful. But measures like imposing ...

Google News
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All of the credit rating agencies have confirmed Québec's credit rating - Canada NewsWire (press release)

Google News - Thu, 08/28/2014 - 21:45

All of the credit rating agencies have confirmed Québec's credit rating
Canada NewsWire (press release)
QUÉBEC CITY, Aug. 28, 201 /CNW Telbec/ - Minister of Finance Carlos Leitão is satisfied with the decisions announced in recent weeks by the five credit rating agencies that attribute a rating to Québec. "All of the agencies, without exception, have ...

Categories: News

Remember me on this computer - The New Republic

Google News - Thu, 08/28/2014 - 20:11

The National Law Journal (registration)

Remember me on this computer
The New Republic
Credit rating agencies were the drivers of the financial crisis. Their AAA stamps of approval encouraged investors to purchase massive quantities of subprime mortgage-backed securities. As we now know, these assurances of complete safety led investors ...
New SEC Rules Crack Down on Credit-Rating AgenciesThe National Law Journal (registration)
SEC hits conflict of interest at ratings agenciesMcClatchy Washington Bureau
SEC Adopts New Rules on Asset-Backed Securities and Credit RatingsNew York Times
Reuters -Credit Union Times -ThinkAdvisor
all 139 news articles »
Categories: News

SEC Spells Out How Rating Agencies Must Reveal Conflicts of Interest - CFO Magazine

Google News - Thu, 08/28/2014 - 20:04

CFO Magazine

SEC Spells Out How Rating Agencies Must Reveal Conflicts of Interest
CFO Magazine
If the rating isn't revised or affirmed within 15 calendar days of the date the influence of a conflict is discovered, the agency must issue a publication reporting that the rating is up for review. The publication must include an explanation “that the ...

Categories: News

Rating agencies must report on controls under new SEC rules - Risk.net

Google News - Thu, 08/28/2014 - 19:03

Rating agencies must report on controls under new SEC rules
Risk.net
Under new Securities and Exchange Commission (SEC) requirements adopted on August 28, chief executives of rating agencies will need to provide annual reports on internal control efficiency, while each rating announcemnet must be accompanied by ...

Categories: News

Washington misses trick with rating agency reform - Breakingviews

Google News - Thu, 08/28/2014 - 18:56

Washington misses trick with rating agency reform
Breakingviews
The SEC has finally approved new rules for judging the riskiness of asset-backed bonds. Some are modestly helpful. But measures like imposing unsolicited ratings on deals would offer more robust changes – and may foster much-needed competition for ...

Categories: News

SEC votes for more checks on rating agencies - FierceFinanceIT

Google News - Thu, 08/28/2014 - 17:39

SEC votes for more checks on rating agencies
FierceFinanceIT
The Securities and Exchange Commission has approved new checks and safeguards for rating agencies aimed at preventing conflicts of interest and ensuring the integrity of credit ratings. "Today's reforms will help protect investors and markets against a ...

Categories: News

Statement by Commissioner Kara M. Stein on Credit Rating Agencies at SEC ... - Insurance News Net

Google News - Thu, 08/28/2014 - 14:08

Statement by Commissioner Kara M. Stein on Credit Rating Agencies at SEC ...
Insurance News Net
[3] (http://www.sec.gov/News/PublicStmt/Detail/PublicStmt/1370542773068#_ftn3) State insurance and other regulators followed suit, and eventually the Securities and Exchange Commission (SEC) gave certain rating agencies a seal of approval in 1975 as ...

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UPDATE 2-US SEC adopts securitization, rating agency reforms - Reuters

Google News - Thu, 08/28/2014 - 00:41

McClatchy Washington Bureau

UPDATE 2-US SEC adopts securitization, rating agency reforms
Reuters
And credit rating agencies will be required to erect strict boundaries between sales staff and employees handing out ratings to the securities, as part of an effort to prevent firms from luring clients with the prospect of favorable ratings. "The SEC ...
Remember me on this computerThe New Republic
SEC hits conflict of interest at ratings agenciesMcClatchy Washington Bureau
SEC Adopts New Rules on Asset-Backed Securities and Credit RatingsNew York Times
The National Law Journal (registration) -Credit Union Times -ThinkAdvisor
all 156 news articles »
Categories: News

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