It seems as if the bosses at US Securities and Exchange Commission (SEC) have never heard the famous comment from British writer Douglas Noël Adams (of ‘Hitchhiker’s Guide to the Galaxy’ fame), which goes like this, “It is a mistake to think you can solve any major problem just with potatoes.” SEC is all set to bring in the ‘Credit Rating Agency Duopoly Relief Act’ (this was cleared by the US House of Representatives on July 12, 2006), to enhance credit rating quality by allowing competition and by curtailing the duopoly of Moody’s and Standard & Poor’s (S&P).
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
For complete IIPM article click here
Source:- IIPM Editorial, 2006
Editor:- Prof. Arindam Chaudhuri
