The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 created an Office of Credit Ratings at the SEC with its own staff and the authority to fine credit-rating agencies and to deregister an agency if it produces bad ratings.This is an example of which remedy of conflicts of interest?

Question

Quizplus · Accepted Answer

The creation of an Office of Credit Ratings with oversight and enforcement powers is an example of supervisory oversight, allowing for regulatory intervention to prevent conflicts of interest in the credit rating industry.