Dodd-Frank
The Dodd-Frank Wall Street Reform and Consumer Protection Act enhances the SEC’s enforcement mechanisms, and adds a number of requirements on NRSROs that are immediately effective (i.e., do not depend on SEC rulemaking). The Dodd-Frank Act also requires the Commission to adopt a number of new rules concerning:
Annual reports on internal controls
Conflicts of interest with respect to sales and marketing practices
“Look-backs” when credit analysts leave the NRSRO
Fines and penalties
Disclosure of performance statistics
Application and disclosure of credit rating methodologies
Form disclosure of data and assumptions underlying credit ratings, among other things
Disclosure about third party due diligence
Analyst training and testing
Consistent application of rating symbols and definitions
Specific and additional disclosure for ratings related to ABS products
In response to the recent recession, the Act introduced the most significant updates to financial regulation in the United States in decades, representing a significant change in the American financial regulatory environment affecting all Federal financial regulatory agencies and almost every aspect of the nation's financial services industry.
Vivat's innovative technology solutions can assist your company with new requirements for transparency and mastering other demands of regulatory change. Our experience gained by working with other companies gives us the knowledge to help organizations think longer-term, make the right choices and create value as sustainability improves. Our approach is unique and comprehensive, driven by a customized road map that addresses each client's immediate priorities, planned improvements, longer-term strategic improvements and designated timetable.

