Fixed Income Market Structure Advisory Committee — Credit Ratings Subcommittee
Summary Minutes of February 27, 2019 Call
The Credit Ratings Subcommittee held a telephonic meeting on February 27, 2019.
The call convened at approximately 1:00 p.m. The following Subcommittee Members were on the call:
- Amy McGarrity
- Dan Allen
- John Bagley
- Ananth Madhavan
- Kumar Venkataraman
- Rachel Wilson
The following other persons joined the call:
- Bessie Conty, Colorado Public Employees’ Retirement Association
- Paul Runnalls, Colorado Public Employees’ Retirement Association
The following staff from the Office of Credit Ratings, or OCR, joined the call:
- Jessica Kane
- Annemarie Ettinger
- Harriet Orol
- Jay Roberts
The following staff from the Division of Trading and Markets joined the call:
- Elizabeth Baird
- David Dimitrious
- Tom Eady
- Ben Bernstein
The following staff from the Division of Economic and Risk Analysis joined the call:
- Igor Kozhanov
- Diana Knyazeva
OCR staff provided an overview of the U.S. regulatory regime applicable to credit rating agencies registered as nationally recognized statistical rating organizations, or NRSROs. Subcommittee members discussed market concentration and the current model for credit rating issuance.
The call concluded at approximately 2:00 p.m.