Credit Rating Agency Reform Update

, New York Law Journal

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In her Securities Regulation column, Roberta S. Karmel, Centennial Professor of Law at Brooklyn Law School, writes: The reform of credit rating agencies mandated by Dodd-Frank was broad. In reality, while the SEC had actively pursued these mandates, it has not yet transformed the industry in a significant way. Whether the Office of Credit Ratings and its work, or implementation of an assigned ratings system or alternative system, will do so remains to be seen.

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