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Please use this identifier to cite or link to this item:
http://hdl.handle.net/2451/26034
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| Title: | A New Law for the Bond Rating Industry-- For Better or For Worse |
| Authors: | J. White, Lawrence |
| Issue Date: | 13-May-2008 |
| Series/Report no.: | EC-07-05 |
| Abstract: | With little fanfare last September, President Bush signed the Credit
Rating Agency Reform Act of 2006. This new legislation has the
potential to change the way that the credit rating industry is regulated
by the Securities and Exchange Commission. So as to provide a better
understanding of the significance of the new law, this paper first
provides a brief recounting of the bond rating industry's history and
the SEC's haphazard regulation of this industry over the past 31 years.
The paper then outlines the important provisions of the new act and
comments on the possible routes that the SEC could follow in
implementing it. |
| URI: | http://hdl.handle.net/2451/26034 |
| Appears in Collections: | Economics Working Papers
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