Lawmakers Ponder Credit Rating Agency Regulation

Law360, New York (February 1, 2006, 12:00 AM EST) -- U.S. lawmakers are considering proposals to regulate the credit rating agencies that played a role in the downfall of companies such as Enron and WorldCom.

The U.S. Senate Committee on Banking, Housing and Urban Affairs will hold a hearing in March on the subject of credit rating agency regulation, according to statement by committee Chairman Richard Shelby.

The hearing will come a little more than a year after the committee initially broached the topic in a congressional hearing.

“We had a hearing last February looking at...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.