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Finance & markets · 08/10/2009

Federal Reserve Proposes Rule to Regulate Credit Rating Agencies for Term Asset-Backed Securities Loan Facility

The Federal Reserve Board is seeking public comment on a proposed amendment to Regulation A that would allow the Federal Reserve Bank of New York to evaluate the eligibility of credit rating agencies and their ratings for use in the Term Asset-Backed Securities Loan Facility, a program maintained by the Federal Reserve Bank of New York.

Original source language: Federal Register — Federal ReserveOpen original release →

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