CFA To Senate: Follow Our Lead On Credit Rating Agencies
Jeff Diermeier, president and ceo of the CFA Institute, believes the alleged conflicts of interest in credit ratings agencies--currently under review by the Securities and Exchange Commission--are similar to those surrounding paid-for research. In testimony he will give before the Senate Banking Committee on Tuesday, Diermeier will note the CFA's support for self-regulation, but will add that the credit rating agencies "have been reluctant to embrace any type of regulation over the services they provide."
March 6, 2006