Fixed Income Market Structure Advisory Committee — Credit Ratings Subcommittee
Summary Minutes of March 27, 2019 Meeting
The Credit Ratings Subcommittee held a telephonic meeting on March 27, 2019.
The call convened at approximately 12:00 p.m. The following Subcommittee Members were on the call:
- Amy McGarrity
- Michael Heaney
- Dan Allen
- John Bagley
- Larry Harris
- Scott Krohn
- Ananth Madhavan
- Kumar Venkataraman
- Rachel Wilson
The following other persons joined the call for the first part of the call:
- Shawn Seiden, Director, Treasury-Securitization, Verizon
- Julie Schlueter, Manager, Capital Markets/Investor Relations, CNH Industrial N.V.
- Ryan Hershberger, Director, Securitization and Long-Term Funding, Ford
- Nathan Herbert, Counsel, Securitization, Ford
The following other persons joined the call for the second part of the call:
- Brian Grow, President, Morningstar Credit Ratings
- Calvin Wong, Chief Credit Officer, Morningstar Credit Ratings
- Michael Brawer, Chief Operating Officer, Morningstar Credit Ratings
- Rob Grenda, SVP Credit Ratings, Morningstar Credit Ratings
- Murray Markowitz, Chief Compliance Officer, Kroll Bond Rating Agency
- Lenny Giltman, Senior Managing Director Ratings Legal, Kroll Bond Rating Agency
The following staff from the Office of Credit Ratings, or OCR, joined the call:
- Jessica Kane
- Harriet Orol
- Jay Roberts
- Alexa Strear
The following staff from the Division of Trading and Markets joined the call:
- David Dimitrious
- Tom Eady
- Ben Bernstein
The following staff from the Division of Economic and Risk Analysis joined the call:
- Diana Knyazeva
During the first part of the call, the Subcommittee heard from issuers on matters related to the administration of the Rule 17g-5(a)(3) program. During the second part of the call, the Subcommittee heard from representatives of Morningstar Credit Ratings and Kroll Bond Rating Agency on matters related to the program. During the last part of the call, the Subcommittee discussed the program and the upcoming April 15, 2019 FIMSAC meeting.
The call concluded at approximately 1:30 p.m.