Tuesday, December 14, 2010

Moody's and S & P survey by the U.S. Securities and Exchange Commission.

<P>: Http://finance. News, the U.S. Securities and Exchange Commission (SEC) chairman said on Wednesday, SEC is investigating, as Moody's and Standard & Poor's credit rating companies such as credit rating agencies and regulators suspect did not follow the specified .program for mortgage-backed securities (MBS) rating. .</ P> <P> with a view of rating agencies on subprime mortgage-related securities products irresponsible ratings of a large outbreak of the subprime crisis is a big incentive. .But SEC Chairman Chris Cox said that the current government has not come to any result of asset losses because the rating situation. .Cox said that, SEC is the focus of the investigation on whether the rating agencies, underwriters and issuers of such securities of the companies to give a high rating. .Inspection will also include a survey of these companies to reap economic benefits did not follow the normal rating procedures. ."We have not concluded, but we are studying the rating agency's role in them." </ P> <P> rating committee Sen. Richard Shelby said, "some special rating is wrong, this gives us .financial system have serious consequences. "</ P> <P> Securities and Exchange Commission in June this year, for collateralised debt obligations (CDO) survey carried out ten times, involving the subprime mortgage market and the multi- .a problem. .</ P>.

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