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Credit Ratings New Guidance

A&O Shearman

US Office of the Comptroller of the Currency Issues Guidance with Respect to Implied Sovereign Support

A&O Shearman on

The U.S. Office of the Comptroller of the Currency issued guidance to OCC-supervised institutions with respect to the role of informal or implied expressions of support from foreign governments in determining credit risk...more

Morrison & Foerster LLP

SEC Adopts Further Revisions to Rule 2a-7

The SEC recently adopted rule amendments removing credit rating references in Rule 2a-7 and Form N-MFP. Issuer diversification provisions were also amended to eliminate a current exclusion for securities subject to a...more

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