Implementation of the Credit Rating Agency Reform Act of 2006
Published on:
March 12, 2007
SIFMA provides comments to the Securities and Exchange Commission (SEC) on proposed rules implementing the Credit Rating Agency Reform Act of 2006, Release No. 34-55231. SIFMA believes the section dealing, in the context of structured products, with the concerns over Nationally Recognized Statistical Rating Agencies (NRSRO) “notching” practices and contained in Section 17g-6 of the proposed rules should be both clarified and altered.