Fixed Income Market Structure Advisory Committee — Credit Ratings Subcommittee

Summary Minutes of January 8, 2020 Meeting

The Credit Ratings Subcommittee held a telephonic meeting on January 8, 2020.

The call convened at approximately 4:00 p.m. The following Subcommittee Members were on the call:

Amy McGarrity
Dan Allen
John Bagley
Tom Gira
Ananth Madhavan
Kumar Venkataraman

The following staff from the Division of Trading and Markets joined the call:

David Dimitrious
Tom Eady
Arisa Tinaves Kettig
Randall Roy

The following staff from the Office of Credit Ratings joined the call:

Jessica Kane
Rolaine Bancroft
Annemarie Ettinger
Harriet Orol
Alexa Strear
Andrew Vita

The following staff from the Division of Economic and Risk Analysis joined the call:

Diana Knyazeva

The following staff from the Office of Municipal Securities joined the call:

Ahmed Abonamah
Adam Wendell

The Subcommittee continued its discussions on a potential recommendation for an alternative compensation model for nationally recognized statistical rating organizations, or NRSROs.

The call concluded at approximately 4:45 p.m.