The US SEC passed rules on Thursday to tighten supervision of credit rating agencies and improve disclosure amid criticism over their role in the financial crisis, including the top ratings they gave to bonds backed by risky mortgages. The SEC said the agencies must reveal more information on past ratings so that investors could compare relative performance. Banks, too, will have to share the underlying data used to determine ratings.

This entry was posted by Gwen Robinson on Friday, September 18th, 2009 at 4:47 and is filed under Capital markets. Tagged with sec. Edit this entry.