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What Role Did Credit Rating Agencies Play in the Credit Crisis? By ...

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27. Press Release, Sec. & Exch. Comm'n, Seven <strong>Credit</strong> <strong>Rat<strong>in</strong>g</strong> <strong>Agencies</strong> Register with SEC as<br />

Nationally Recognized Statistical <strong>Rat<strong>in</strong>g</strong> Organizations (Sept. 24, 2007), available at<br />

http://www.sec.gov/news/press/2007/2007-199.htm.<br />

28. SEC. & EXCH. COMM'N, SUMMARY REPORT OF ISSUES IDENTIFIED IN THE COMMISSION STAFF’S<br />

EXAMINATIONS OF SELECT CREDIT RATING AGENCIES BY THE STAFF OF THE SECURITIES AND EXCHANGE<br />

COMMISSION (2008), available at<br />

http://www.sec.gov/news/studies/2008/craexam<strong>in</strong>ation070808.pdf.<br />

29. Henny Sender et. al., Lehman <strong>in</strong> Desperate Rescue Hunt, FIN. TIMES, Sept. 13, 2007,<br />

available at http://www.ft.com/cms/s/0/306f879c-812c-11dd-82dd-000077b07658.html.<br />

30. Senate Committee on Bank<strong>in</strong>g, Hous<strong>in</strong>g, and Urban Affairs, Assess<strong>in</strong>g <strong>the</strong> current oversight<br />

and operations of credit rat<strong>in</strong>g agencies: hear<strong>in</strong>g before <strong>the</strong> Committee on Bank<strong>in</strong>g, Hous<strong>in</strong>g,<br />

and Urban Affairs, 109th Congress, 481 (Mar. 7, 2006), available at<br />

http://purl.access.gpo.gov/GPO/LPS90775.<br />

31. Senate Committee on Bank<strong>in</strong>g, Hous<strong>in</strong>g, and Urban Affairs, Exam<strong>in</strong><strong>in</strong>g <strong>the</strong> role of credit<br />

rat<strong>in</strong>g agencies <strong>in</strong> <strong>the</strong> captial [sic] markets : hear<strong>in</strong>g before <strong>the</strong> Committee on Bank<strong>in</strong>g,<br />

Hous<strong>in</strong>g, and Urban Affairs, United States Senate, 109th Congress (Feb. 8, 2005) available at<br />

http://purl.access.gpo.gov/GPO/LPS73647.<br />

32. TIMOTHY J. SINCLAIR, THE NEW MASTERS OF CAPITAL: AMERICAN BOND RATING AGENCIES AND THE<br />

POLITICS OF CREDITWORTHINESS (2005).<br />

33. THE TECHNICAL COMMITTEE OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS<br />

(IOSCO), CODE OF CONDUCT FUNDAMENTALS FOR CREDIT RATING AGENCIES (2004) available at<br />

http://www.iosco.org/library/pubdocs/pdf/IOSCOPD180.pdf.<br />

34. THE TECHNICAL COMMITTEE OF THE INTERNATIONAL ORGANIZATION OF SECURITIES COMMISSIONS<br />

(IOSCO), REPORT ON THE ACTIVITIES OF CREDIT RATING AGENCIES (2003).<br />

35. Gillian Tett, S&P Is First to Detail Reform Proposals, FIN. TIMES, Feb. 7, 2008, available at<br />

http://us.ft.com/ftgateway/superpage.ft?news_id=fto020620081917227075.<br />

36. Aaron Unterman, Innovative Destruction—Structured F<strong>in</strong>ance and <strong>Credit</strong> Market Reform <strong>in</strong><br />

<strong>the</strong> Bubble Era, 5 HASTINGS BUS. L. REV. 53 (2009).<br />

37. Al<strong>in</strong>e van Duyn, Influence of <strong>Rat<strong>in</strong>g</strong>s <strong>Agencies</strong> Questioned, FIN. TIMES, Sept. 17, 2008,<br />

available at http://www.ft.com/cms/s/0/a11edb08-8426-11dd-bf00-<br />

000077b07658,dwp_uuid=5fd271ee-61f6-11dc-bdf6-0000779fd2ac.html.<br />

38. Patrick Van Roy, <strong>Credit</strong> <strong>Rat<strong>in</strong>g</strong>s and <strong>the</strong> Standardised Approach to <strong>Credit</strong> Risk <strong>in</strong> Basel II<br />

(European Central Bank Work<strong>in</strong>g Paper 517, 2005), available at<br />

http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp517.pdf.<br />

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