The New York Times - Gretchen Morgenson
The Better Banking Law take: Sadly, the ratings agencies' model of issuer pays, rather than investors, still remains a conflict of interest, still remains broken, still remains very much a hazard.
Banks Score Victory On Use of Ratings in Capital Calculations
The Financial Times - Caroline Binham and Laura Noonam
The Better Banking Law take: It is quite grim that Basel III has conceded to banks and will permit them to rely on ratings agencies to calculate risks in their portfolios. How quickly 2008 has been forgotten.