Future of Due Diligence & CRA Regulation:
Analyzing the role of Credit Rating Agencies in the Great Crash

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One of the major recurring themes in the aftermath of the "Great Crash" is the over-reliance on ratings published by the major credit rating agencies. It is clear that regulators will expect firms to demonstrate effective risk management systems and controls and independent due diligence on securities they hold. What is not clear is how they should do so.

 

Jerome Fons, former Managing Director, Credit Policy at Moody's Investors Service, will speak on a range of issues concerning the past and future role of credit rating agencies (CRA's), the issues raised by their methodologies and business models, and the due diligence requirements financial services firms are likely to face as regulators react to their perceived over-reliance on CRA ratings.

 

Among the topics Dr. Fons will address in this live interview on Wednesday, October 7th at 11:00am EDT/4:00pm BST will be:

• What measures will firms likely need to take to meet due diligence expectations in the future?
• Are proposed changes to CRA regulation likely to be successful if implemented?
• How is the industry affected by the CRA competition and the issuer-pays business model?
• What role if any did CRA’s play in the credit crisis? Do they pose a systemic risk going forward?