Faculty News
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Prof. Lawrence White on regulation of credit ratings agencies
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Excerpt from The Wall Street Journal -- "Ratings became more important in the 1930s when banking regulators decided banks couldn't invest in securities deemed "speculative" by ratings firms. Those restrictions were expanded to include insurers, pension funds and securities firms, according to Lawrence White, a New York University economics professor."Â Additional coverage appeared in Zee News.
Faculty News
—
Excerpt from The Wall Street Journal -- "Ratings became more important in the 1930s when banking regulators decided banks couldn't invest in securities deemed "speculative" by ratings firms. Those restrictions were expanded to include insurers, pension funds and securities firms, according to Lawrence White, a New York University economics professor."Â Additional coverage appeared in Zee News.