Edited By Susan Kelly

It's been nearly 18 months since U.S. securities regulators began considering whether credit rating agencies needed better oversight and if so, how to put such changes into place. A long silence followed congressional hearings on the matter last summer, as a spate of more pressing market and regulatory matters took precedence.

Now, it appears that action could be on the way. According to a source familiar with the details, the staff at the Securities and Exchange Commission (SEC) is preparing a formal proposal to establish the first regulatory framework for the rating agencies, which could be ready for review by late summer and acted upon before the end of the year.

Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.

  • Critical Treasury & Risk information including in-depth analysis of treasury and finance best practices, case studies with corporate innovators, informative newsletters, educational webcasts and videos, and resources from industry leaders.
  • Exclusive discounts on ALM and Treasury & Risk events.
  • Access to other award-winning ALM websites including PropertyCasualty360.com and Law.com.

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.