Volume 2014 - Number 1
January 10, 2014
SEC Reports Improved Compliance by Ratings Firms, But Audit Still Finds Issues, Deficiencies
Nationally-recognized credit-rating agencies continue to show improvements in certain problem areas despite new concerns raised by federal examiners in their latest review, according to a Securities and Exchange Commission staff report. The SECs 2013 credit-rating agency examinations found deficiencies in eight key areas, particularly in the credit-rating agencies internal controls. Examiners stopped short of branding their essential findings as material regulatory deficiencies, although the SEC may do so in the future and require stronger corrective action, the report noted. Based on the latest exams, the SECs Office of Credit Ratings found...
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This weekly covers the secondary mortgage market, including mortgage-backed securities and asset-backed securities.
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