"Putting the Anti-Trust in Rating Agency Reform"

Professor Jeffrey Manns pens an opinion piece in Asset Securitization Report about the need for rating agency reform highlighted by the U.S. financial crisis. According to Professor Manns, although the Dodd-Frank Act promised to overhaul the industry, the Securities & Exchange Commission (SEC) has struggled to meet the set objectives. He proposes that breaking up the "rating agency oligopoly" would effectively boost competition while avoiding the pitfalls of other proposals under discussion by the SEC.