An update on regulations affecting credit rating agencies *

USA - April 7 2010
On February 2, 2009, the Securities and Exchange Commission (the “SEC”) issued final rule amendments (the “Final Rules”) relating to Nationally Recognized Statistical Rating Organizations (“NRSROs”) and proposed additional NRSRO rules (the “Proposed Rules”).

Co-authors: Anna T. Pinedo, David M. Lynn.

SEC’s recent guidance on GAAP/IFRS convergence timeline *

USA - March 15 2010
On February 24, 2010, the Security Exchange Commission ("Commission") issued a statement reaffirming its support of establishing a "single set of high-quality global accounting standards."

Co-authors: David M. Lynn.