Financial Regulatory Forum

    By Rachelle Younglai
    WASHINGTON, Sept 30 (Reuters) – Lawmakers slammed a “culture of secrecy” at Moody’s <MCO.N> and expanded a credit ratings industry probe to find out why securities regulators ignored a tip that Moody’s managers routinely put profits above
ratings quality. (more…)

    WASHINGTON, Sept 29 (Reuters) – The former head of compliance for Moody’s Corp <MCO.N> voiced concerns to regulators about the credit rating agency’s lack of surveillance of municipal securities, according to a document obtained by Reuters on Tuesday. (more…)

    NEW YORK, Sept 4 (Reuters) – A court setback for Moody’s Corp <MCO.N> and Standard & Poor’s parent McGraw-Hill Cos <MHP.N> this week could potentially prove “devastating” for the two credit rating agencies, said David Einhorn, a hedge fund manager who announced a short position against Moody’s in May. (more…)