Credit Rating Agency Task Force
Mission and Goals
To ensure more efficient and fully functioning capital markets, it is essential that we review the credit ratings process and the quality and current use of ratings. These are important steps to restoring investor confidence and trust in our markets.
SIFMA has formed a global, investor-led task force to identify and examine key issues related to the credit ratings paradigm. The task force will explore the current credit rating agency model, including key issues such as transparency, credit rating agency performance and regulatory dependence on ratings. The goal for the task force is for a single, broad-based group to examine credit rating agency issues and arrive at specific recommendations that rebuild the investor confidence that is vital to the global capital markets. The task force will also interface with government officials, legislators, regulators, multi-lateral authorities and key credit rating agencies.
The task force comprises over two dozen firms representing a cross-section of the financial services industry. Individuals participating on the task force will lend specific expertise in structured finance, municipals, short-term debt ratings and risk among key areas. Members are senior-level executives from SIFMA member firms.
The following co-chairs will lead the task force:
Boyce Greer
President, Fixed Income and Asset Allocation Division
Fidelity
Deborah Cunningham
Chief Investment Officer
Federated Investors
Full list of task force members (pdf)
Latest Updates
April 22, 2008
SIFMA Announces Task Force to Make Recommendations on the Evolution of the Credit Rating Agency Model