A panel at ASF 2011, which is being held in Orlando this week, discussed the implications of the legislative mandate under 939A of the Dodd-Frank Act to reduce reliance on credit ratings. Panelists also explored potential alternatives to credit ratings.

This section requires the Office of the Comptroller of the Currency (OCC) and other federal banking agencies to remove references to credit ratings on a security or money market instrument and replace them with substitute standards of creditworthiness.

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