SEC Approves Release of Two Proposed Rules On Credit Ratings, Rating Agencies
By Edith Orenstein, FEI Financial Reporting Blog - At its open commission meeting this morning (June 11), the SEC voted to release two proposed rules relating to credit ratings and credit rating agencies. A third proposed rule will be considered on June 25. Chairman Christopher Cox, Commissioner Paul Atkins, and Commissioner Kathleen Casey unanimously agreed on the first proposal, Atkins dissented from the second. Details on the proposal are in Chairman Cox' opening statement, further details on discussion that took place during the open meeting are available here.