WASHINGTON - The Securities and Exchange Commission plans to hold a roundtable on April 15 to discuss its oversight of credit rating agencies, including its proposed rules on conflicts of interest, competition, and transparency.
"Although our statutory authority to regulate rating agencies has only been effective for less than two years, it is clearly one of this agency's most important responsibilities," said SEC chairwoman Mary Schapiro. "The SEC will hear from leading experts on credit rating agencies and the financial markets. Their insight will help the commission as it continues its aggressive oversight of the industry and considers whether to adopt the pending proposals."
The SEC said it will announce participants of the roundtable, which will include leaders from investor organizations, financial services groups, government agencies, rating agencies, and academia, at a later date. The roundtable will be held in the auditorium at the SEC's headquarters at 100 F Street NW in Washington, D.C., and will be open to the public on a first-come, first-served basis.