Upcoming SEC Roundtables

Recently, the SEC announced two roundtables – the Credit Ratings Roundtable  and the Fixed Income Roundtable.  

The Credit Ratings Roundtable will be held on May 14, 2013 in response to the SEC Staff report on Assigned Credit Ratings.  The SEC staff issued the credit ratings report in response to Section 939F of the Dodd-Frank Act.  Section 939F requires the SEC to study various issues relating to credit rating process and report its findings to Congress.  The credit rating process report focuses on conflicts of interest in the credit rating process for structured finance products, the feasibility of alternative credit rating systems, metrics that could be used to judge the accuracy of credit ratings for structured finance products and alternative compensation structures that would provide incentives for accurate credit ratings. 

The Fixed Income Roundtable will be held on April 16, 2013 and focus on the corporate bond market and the municipal securities market.  The municipal securities market was the subject the SEC’s July 2012 Report on the Municipal Securities Market.    The 2012 report makes a host of recommendations regarding the municipal securities market, including recommendations to improve price transparency, strengthen brokers’ existing obligations to provide investors with the best execution and fair pricing, and enhance disclosure, as well as increases in the SEC authority to regulate the municipal securities markets. 

Both roundtables will be held at the SEC’s headquarters in Washington, D.C., open to the public and webcast live.

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