The Dodd-Frank Act’s Potential Effects on the Credit Rating Industry

James Vickery ()

No 20120215, Liberty Street Economics from Federal Reserve Bank of New York

Abstract: Credit rating agencies have been widely criticized in recent years for the poor performance of their ratings on mortgage-backed securities (MBS) and other structured-finance bonds. In response to the concerns of investors and other market participants, the 2010 Dodd-Frank Act incorporates a range of reforms likely to significantly reshape the rating industry. In this post, we discuss these reforms and their implications for investors, regulators, and the rating agencies themselves.

Keywords: Dodd-Frank Act; mortgage-backed securities; credit rating agencies; MBS; structured finance (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2012-02-15
New Economics Papers: this item is included in nep-ure
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