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Moody’s Settles Charges of Inadequate Internal Controls

September 4, 2018 by Eugene Grygo

Moody’s Settles Charges of Inadequate Internal Controls

Moody’s Investors Service Inc. will be paying $16.25 million in penalties to the SEC via two regulatory orders that resolve charges that the credit rating agency had inadequate internal controls that ultimately led to 650 incorrect residential mortgage-backed securities (RMBS) ratings, representing a notional value of more than $49 billion. The Moody’s case “marks the… Read More >>

Filed Under: Derivatives Operations, Derivatives Processing, Securities Operations, Data Management, Outsourcing, General Interest, Governance, Diversity, Equity, and Inclusion (DEI), Standards, Performance Measurement, Regulation & Compliance, Derivatives, Regulatory Compliance, Regulatory Reporting, Industry News Tagged With: internal controls, Moody’s Investors Service, regulatory orders, SEC, securities, settlement

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