IGTA calls for SEC action over ratings agencies

Treasury associations have called on the Securities and Exchange Commission (SEC) to respond to serious issues raised around the conduct of credit rating agencies.

Treasury associations have called on the Securities and Exchange Commission (SEC) to respond to serious issues raised around the conduct of credit rating agencies.

The thirty International Group of Treasury Associations (IGTA) members, meeting in Sydney, Australia, stated that action is required to effectively address the process by which the SEC designates credit rating agencies, conflicts of interest, abusive practices and transparency in the ratings process and to avoid fragmented and duplicative regulation that would harm global capital markets.

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