It is ironic that the latest regulatory consequence of the failure of the credit rating agencies to accurately assess the risk inherent in many structured finance products is that in future their opinions are to be treated as those of experts, whereas before they were not. This development is part of the final version of the Dodd-Frank legislation and goes to the root of the market’s misinterpretation – wilful or otherwise – of what ratings actually mean.
Access intelligence that drives action
To unlock this research, enter your email to log in or enquire about access
