Regulators Propose Credit Rating Alternatives
By Dave Clarke
Published December 7 2011 Reuters
U.S. banking regulators on Wednesday released their first proposal for replacing the work of much-maligned credit rating agencies in the rules that govern bank capital requirements. The 2010 Dodd-Frank financial oversight law bans any reliance on credit rating agencies, such as Moody's Corp and McGraw-Hill Cos' Standard & Poor's, in banking rules but regulators have struggled to come up with an alternative.
full article 
(free)
