A Blinding Flash of the Obvious: Limit Conflicts of Interest Between Raters and Their Ratees
As we’re in the business of rating and assessing things, we find the U.S. Securities and Exchange Commission’s vote today to curb the influence of securities issuers on ratings agencies (Standard & Poors, Moody’s, Fitch), well, amazingly common sense. And it took exactly how long for the SEC to wake up to these problems? Bloomberg…
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