New report provides preliminary guidelines on how to build and operate colleges
Rating agency revises outlook on several financial firms
Rating activity more subdued overall
Governments allege rating agency engaged in a scheme to defraud investors
Regulators recommend establishing supervisory colleges for internationally active CRAs
Non-financial Canadian companies are now holding 60% more cash than they did at the end of 2006
Oversight is having a positive effect, regulator says
Credit rating agency implements updated business code
Amendments would replace existing language with “designated rating organizations”
New report examines the internal controls that agencies use to address conflicts of interest, promote integrity