Republicans Immunize Rating Agencies from Accountability in Financial Choice Act No government regulation will ever apply to any rating agency that the government regulates, according to the Financial Choice Act. Continue ReadingRepublicans Immunize Rating Agencies from Accountability in Financial Choice Act
Efficient, commonsense actions to foster accurate credit ratings This blog article summarizes a recent article published in Capital Markets Law Journal. Reference: Norbert J. Gaillard and William J. Harrington, Continue ReadingEfficient, commonsense actions to foster accurate credit ratings
S&P Settles: Now How About that US Bond Rating? In its settlement with the Department of Justice, S&P has backed off its assertion that the federal lawsuit was filed Continue ReadingS&P Settles: Now How About that US Bond Rating?
SEC Shines a Light on Inflated CMBS Ratings On January 21, S&P settled a number of complaints with the Securities and Exchange Commission as well as two states’ attorneys Continue ReadingSEC Shines a Light on Inflated CMBS Ratings
This article summarizes the book “When Sovereigns Go Bankrupt” (Gaillard 2014), which provides a fresh analysis of how to cope with sovereign risk in the context of a rising likelihood Continue ReadingWhen Sovereigns Go Bankrupt
This column explains how and why sovereign ratings and bond yields failed to anticipate the Eurozone debt crisis. It also argues that, paradoxically, sovereign ratings are now valuable risk indicators Continue ReadingEurozone, Sovereign Ratings and Bond Yields