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Credit rating agency reform /
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
New York :
Nova Science Publishers,
c2009.
|
| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- CREDIT RATING AGENCY REFORM; CONTENTS; PREFACE; CREDIT RATING AGENCY BACKGROUND; I. BACKGROUND; A. Introduction; B. The Credit Rating Agency Reform Act of 2006; C. The Role of Credit Ratings in the Credit Market Turmoil; 1. THE CREATION OF SUBPRIME RMBS AND CDOS; 2. DETERMINING CREDIT RATINGSFOR SUBPRIME RMBS AND CDOS; 3. THE DOWNGRADES IN CREDIT RATINGSOF SUBPRIME RMBS AND CDOS; II. PROPOSED AMENDMENTS; A. Amendments to Rule 17g-5; 1. ADDRESSING THE PARTICULAR CONFLICT ARISING FROMRATING STRUCTURED FINANCE PRODUCTS BY ENHANCING THEDISCLOSURE OF INFORMATION USED IN THE RATING PROCESS.
- A. The Proposed Amendmentb. Proposed Guidance for Compliance withProvisions of the Securities Act of 1933; I. Public Offerings; II. Private Offerings; III. Offshore Offerings; 2. RULE 17G-5 PROHIBITION ON CONFLICT OF INTERESTRELATED TO RATING AN OBLIGOR OR DEBT SECURITY WHEREOBLIGOR OR ISSUER RECEIVED RATINGS RECOMMENDATIONSFROM THE NRSRO OR PERSON ASSOCIATED WITH THE NRSRO; 3. RULE 17G-5 PROHIBITION ON CONFLICT OF INTERESTRELATED TO THE PARTICIPATION OF CERTAINPERSONNEL IN FEE DISCUSSIONS; 4. RULE 17G-5 PROHIBITION OF CONFLICTOF INTEREST RELATED TO RECEIPT OF GIFTS.
- B. Amendments to Rule 17g-21. A Record of Rating Actions and the Requirementthat they be made Publicly Available; 2. A Record of Material Deviation from Model Output; 3. Records Concerning Third-Party Analyst Complaints; Clarifying Amendment to Rule 17g-2(b)(7); C. Amendments to the Instructions for Form NRSRO; 1. Enhanced Ratings Performance Measurement Statistics on Form NRSRO; 2. Enhanced Disclosure of Ratings Methodologies; D. Amendment to Rule 17g-3 (Report of Credit Rating Actions).
- III. PROPOSED NEW RULE 17G-7(SPECIAL REPORTING OR USE OF SYMBOLSTO DIFFERENTIATE CREDIT RATINGS FORSTRUCTURED FINANCE PRODUCTS)IV. PAPERWORK REDUCTION ACT; A. Collections of Information under the Proposed Amendments; B. Proposed Use of Information; C. Respondents; D. Total Annual Recordkeeping and Reporting Burden; 1. Amendments to Form NRSRO; 2. Amendments to Rule 17g-2; 3. Proposed Amendment to Rule 17g-3; 4. Amendments to Rule 17g-5; 5. Proposed Rule 17g-7; E. Collection of Information Is Mandatory; F. Confidentiality; G. Record Retention Period; H. Request for Comment.
- V. COSTS AND BENEFITS OF THE PROPOSED RULESA. Benefits; B. Costs; 1. Proposed Amendments to Form NRSRO; 2. Proposed Amendments to Rule 17g-2; 3. Proposed Amendment to Rule 17g-3; 4. Proposed Amendments to Rule 17g-5; 5. Proposed Rule 17g-7; C. Total Estimated Costs and Benefits of this Rulemaking; VI. CONSIDERATION OF BURDEN ON COMPETITIONAND PROMOTION OF EFFICIENCY, COMPETITION, AND CAPITAL FORMATION; VII. CONSIDERATION OF IMPACT ON THE ECONOMY; VIII. INITIAL REGULATORY FLEXIBILITY ANALYSIS; A. Reasons for the Proposed Action; B. Objectives; C. Legal Basis.