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Government

Mar. 13, 2003

Taking Charge

Forum Column - By Steven L. Schwarcz - The government needs to balance the necessity for a rigorous standard for rating against the need to ensure competition. This should be accomplished by provisionally authorizing high-quality foreign or domestic entities that evaluate businesses and their securities to issue ratings that can be used to provide securities law exemption.

Forum Column

By Steven L. Schwarcz

        The government needs to balance the necessity for a rigorous standard for rating against the need to ensure competition. This should be accomplished by provisionally authorizing high-quality foreign or domestic entities that evaluate businesses and their securities to issue ratings that can be used to provide securities law exemption.
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