Al Franken’s announcement of his pending resignation completes his descent from Progressive Saint to something of a pariah figure. But like others whose stars have… Read More »Al Franken’s Complex Legacy and the Credit Rating Business
No government regulation will ever apply to any rating agency that the government regulates, according to the Financial Choice Act. This bill would eliminate accountability… Read More »Republicans Immunize Rating Agencies from Accountability in Financial Choice Act
This blog article summarizes a recent article published in Banking and Financial Services Policy Report.Reference: Norbert J. Gaillard, “Coping with Reliance on Credit Ratings”, Banking… Read More »Coping with Reliance on Credit Ratings
This blog article summarizes a recent article published in Capital Markets Law Journal. Reference: Norbert J. Gaillard and William J. Harrington, “Efficient, commonsense actions to… Read More »Efficient, commonsense actions to foster accurate credit ratings
On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys general. The issues primarily… Read More »SEC Shines a Light on Inflated CMBS Ratings
Wikirating is publishing two letters and one e-mail in which I map risks to an asset-backed security (ABS) when the issuer is party to a… Read More »Entire Financial System Needs Commonsense Review of Derivative Contracts: Let’s Start with ABS