tag:blogger.com,1999:blog-8431368106238433082.post1652516571741076820..comments2024-03-27T05:19:21.691-04:00Comments on FEI Financial Reporting Blog: SEC Approves Release of Two Proposed Rules On Credit Ratings, Credit Rating Agencies; Third Proposal To Be Considered June 25financial executives bloghttp://www.blogger.com/profile/11084436965192606339noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-8431368106238433082.post-24320262032827581332011-03-22T08:38:35.630-04:002011-03-22T08:38:35.630-04:00The Credit Report would have to be issued by the C...The Credit Report would have to be issued by the CRA each time it publishes a credit rating for a structured finance product, and would be required to describe.Health Bloghttp://insomnia2.taypad.comnoreply@blogger.comtag:blogger.com,1999:blog-8431368106238433082.post-71725030078034232182008-11-18T23:50:00.000-05:002008-11-18T23:50:00.000-05:00Prohibit a credit rating agency (CRA) from structu...Prohibit a credit rating agency (CRA) from structuring the same products that they rate,<BR/>prohibit CRAs from rating structured products unless information on assets underlying the product were available. The <A HREF="http://www.creditmagic.org/report.html" REL="nofollow">Credit Report</A> would have to be issued by the CRA each time it publishes a credit rating for a structured finance product, and would be required to describe.To the extent that the SEC’s references to credit ratings in our rules are viewed by the marketplace as giving <A HREF="http://www.creditmagic.org/" REL="nofollow">credit ratings</A> an implied official seal of approval, [some have argued that] our own rules may be contributing to an uncritical reliance on credit ratings as a substitute for independent evaluation. In terms of cost, Atkins noted not only direct costs incurred by CRAs, but also costs to the economy arising from the fact that certain institutional investors (e.g. insurance companies, pension funds) may be prohibited from investing in other than certain classes (ratings) of securities.Anonymousnoreply@blogger.com