July 22, 2009 -Obama administration on Tuesday proposed setting disclosure requirements and limits on credit ratings agencies. Regulators have questioned the independence of the firms which are paid to grade securities by borrowers and underwriters who want to sell them. The Treasury proposal would create an office at the SEC to supervise the firms. They would be required to disclose preliminary ratings of companies and use different symbols for structured products to make investors aware of the risk.
Credit Guru
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