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Monthly Archives: May 2008

Week’s end news roundup…

   FT.com … Who rates the ratings agencies?
Wolters Kluwer Financial Services….   Regulatory Changes Slated for Credit Agencies
Investment Executive …  Investors don’t want separate ratings scales for structured products
BBG … Moody’s Implied Ratings Lab Reveals Ambac, MBIA Turning to Junk
Lovely new Small Entity Compliance Guide for NRSROs from the SEC …  
BBG … Wall Street’s Customer’s […]

Make your market…

It doesn’t get any sweeter than this… a web service that allows you to create an electronic exchange with a few clicks of your mouse…
~~~~ “innerExchange, a leading provider of FIX trading, connectivity and smart routing solutions to the financial community, today announced that it has launched makeYOURmarket.com, a unique technology platform that will help […]

Sturdy rules…

  A friend is an enthusiast for an obscure type of sailboat called “A-Cats”… Cat boats are sailed on Barnegat Bay in New Jersey… these are sturdy, shallow draft boats originally built to haul timber, food and folks… they are racing boats now…
The news is starting to come out on the new framework for the […]

Rolling out the standard…

   Mark Story, the SEC’s Investor Communications Manager, forwarded this link to the SEC’s first podcast … the audio file was made to background folks on the use of interactive data (XBRL)… 
The SEC’s rollout of XBRL has included new communication methods … podcasts… blogger conference calls …. the Office of Interactive Disclosure. The Commission can mandate the adoption of […]

Straightening it out…

   The SEC has requested additional information from the dominant raters as a result of the Financial Times story of last week about the rating of CPDOs…
Oh boy … a real time examination of the NRSROs ability to properly manage their methodologies and conflicts of interest… this is actually good for financial markets but I’m sure […]

Service, honor, country…

   The small village that I live in wonderfully commemorates the service of its veterans both living and dead… the village was settled in 1686 and a deep, interwoven record of commitment to our nation’s military history resides here… the community’s graveyards are lined with veterans of wars since the French and Indian struggles of the 1750’s…
An […]

National Gallery…

Afghanistan’s Hidden Treasures….     Exhibit webpage…

Coding error…

   The article in the Financial Times about Moody’s problems with their models for rating CPDOs raises lots of issues… Moody’s is stating that problems with computer coding for the asset lead to the improper  assignment of AAA ratings…
This is the perfect laboratory for the new inspection team at the SEC to dive in and look […]

Structured data…

   The SEC will meet tomorrow to ”consider whether to propose amendments to provide for mutual fund risk/return summary information to be filed with the Commission in interactive data format”.
XBRL gains ground… first public company filings… then mutual fund information… I’m hoping for NRSRO XBRL reporting…
An interesting dimension of structured data development is the focus on […]

Rule 2231…

  **
~~~~ “I’ll tell you how the sun rose,– A ribbon at a time.” ~~~~ ***
Here is our favorite part of Finra/Nasd Proposed Rule 2231 (page 59325) … this is a disclosure statement that brokers will be required to provide investors… it’s the heart of the matter…
~~~~ “….Would a Similar Bond Cost Less? Finally, it is important […]