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Original live broadcast:
Wednesday, April 15, 2009

Roundtable to Examine Oversight of
Credit Rating Agencies

Since the passage of the Credit Rating Agency Reform Act of 2006, which provided the SEC with the authority over credit rating agencies that register with the Commission as Nationally Recognized Statistical Rating Organizations ("NRSROs"), the SEC has adopted two significant rulemakings and has conducted an extensive 10-month staff examination of three major credit rating agencies.  The Commission has also issued several proposals to further the Act's purpose of promoting accountability, transparency, and competition in the rating industry. 

On April 15, 2009, the Securities and Exchange Commission hosted a roundtable that facilitated an open discussion of issues relating to the oversight of credit rating agencies.  The roundtable was held in the auditorium at the SEC's headquarters at 100 F Street, N.E., Washington, D.C.

The roundtable was organized as a panel discussion and included leaders from investor organizations, financial services associations, credit rating agencies, and academia.  The panel discussion was focused on potential improvements to the Commission’s oversight of the credit rating agencies.