Administration Takes Special Aim at Rating Agencies

September 24, 2010 by · Leave a Comment
Filed under: Bond Regulation, Financial Reform, The Rating Agencies 

Deputy Treasury Secretary Neal Wolin has stated that the administration is advocating for several items in the House-Senate conference on the financial regulatory reform bill that don’t necessarily have substantial agreement, including “inclusion of the strong rules on conflicts of interest and transparency at credit rating agencies.”

“Financial reform is complex,” he said. “The details matter. And so, as conferees begin the process of reconciling the remaining differences in the two bills, we will continue to fight for the strongest financial reform bill possible. And we will oppose any attempts by particular interests to use the conference process as an opportunity to weaken the final bill.”

Yeah, sure…

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