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CREDITRISK+ A CREDIT RISK MANAGEMENT FRAMEWORK
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The issues reviewed in the Staff Report, as well as the study required by the
Sarbanes-Oxley Act, are consistent with recent Commission initiatives to review the role
of rating agencies in the U.S. securities markets and their regulatory treatment.
6
The
Commission recognized that, in recent years, the importance of credit ratings to investors
and other market participants had increased significantly, impacting an issuer’s access to
and cost of capital, the structure of financial transactions, and the ability of fiduciaries
and others to make particular investments. In light of this increased importance, the
Commission had commenced a review...
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CREDITRISK+ A CREDIT RISK MANAGEMENT FRAMEWORK
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CREDITRISK+ A CREDIT RISK MANAGEMENT FRAMEWORK
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