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Council of Institutional Investors
CII White Paper Urges Stronger Overseer, Repeal of Exemption from Liability for Credit Rating Agencies
May 2nd, 2009
The Council of Institutional Investors (CII) released a white paper on the regulation of credit rating agencies that calls for stronger oversight and accountability for credit raters. The paper, "Rethinking Regulation of Credit Rating Agencies: An Institutional Investor Perspective," was written by Frank Partnoy, George E. Barrett Professor of Law and Finance and director of the Center on Corporate and Securities Law at the University of San Diego School of Law. Given the critical role that rating agencies play in the financial marketplace, the Council commissioned the paper to elicit the pros and cons for investors of reforms that have been proposed for rating agencies...
Source: Law & Health Weekly (2009-05-02)
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