SEC approves credit rating agency reforms

SEC press association

US regulators have unanimously backed new rules and amendments that will increase transparency and improve integrity at credit-rating agencies.

The Securities and Exchange Commission (SEC) on Wednesday said under the new proposals, nationally recognised statistical rating organisations (NRSROs), would be required to report on internal controls and protect against conflicts of interest and establish professional standards for credit analysts, including look-back reviews. Rating agencies will also

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