A letter sent to the Trump administration from New York City’s A-List business leaders, including many from top Wall Street financial services firms, underscores the need for “an orderly presidential transition process” so that the country can re-focus on ending the global pandemic. The letter also underscores the need for more cooperation among groups and… Read More >>
CalPERS Claims Victory in Legal Battle with Moody’s
Claiming a precedent-setting victory, the California Public Employees’ Retirement System (CalPERS) has concluded its case against the ratings agency Moody’s and its allegedly erroneous AAA ratings for illiquid structured investment vehicles that spurred losses for the pension fund and laid the groundwork for the Great Recession. As a result of the lawsuit settled last week,… Read More >>
Lack of Global Standards Impedes Trade Repositories: ESMA Report
The lack of global standards in the trade repository space (TR) could hinder the repository process, a finding of the European Securities and Markets Authority (ESMA) in its recently published 55-page 2016 annual report, which outlines its supervisory priorities for credit ratings agency (CRA) governance as well as the quality and data access for TRs…. Read More >>
