Structured Finance Association CEO Michael Bright to Testify Before Congress on Bond Rating Agencies
On Wednesday, July 21 at 2:00 p.m. ET, Structured Finance Association (SFA) CEO Michael Bright will testify at a House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets hearing entitled, “Bond Rating Agencies: Examining the ‘Nationally Recognized’ Statistical Rating Organizations.”
The hearing will review “the state of the bond rating agency industry, the efficacy of the reforms that have been implemented, and whether additional regulatory or legislative reforms are warranted.”
As CEO of SFA, Bright represents 370 member institutions representing the entire value chain of the securitization industry.
“We support all efforts to debate and discuss ways to enhance the regulation and transparency of our industry and the markets that it serves,” Bright will testify. “Further, our members take seriously the role that they play in the American, as well as global, economy. We know that the decisions we make, models we employ, and controls we build have a direct and meaningful impact on the lives of millions of people. From a consumer in need of borrowing to an investor in need of a stable retirement savings, our members represent every person involved in, and every facet of, the global capital markets. For these reasons, we thank you again for your continued oversight of how our markets can best serve the real economy in a safe and successful way.”
WHO: Michael Bright, Chief Executive Officer, Structured Finance Association
WHAT: House Financial Services Subcommittee on Investor Protection, Entrepreneurship, and Capital Markets
WHEN: Wednesday, July 21 – 2:00 p.m. ET
WHERE: Rayburn House Office Building – Room 2128
WATCH: Livestream available here.
LEARN: Committee memorandum available here.