Council of Institutional Investors' White Paper on Regulation of Credit Rating Agencies

The Council of Institutional Investors has released a White Paper written by NSFM participant, Frank Portnoy, on regulation of credit rating agencies. The paper calls for creation of a new Credit Rating Agency Oversight Board and asks Congress to remove the credit rating agencies' current exemption from liability under anti-fraud provisions of the Federal securities laws.

Press Release

http://www.cii.org/UserFiles/file/CRAWhitePaper04-14-09.pdf