Federal Reserve Chairman Ben S. Bernanke signaled that the government should buy devalued assets at above-market values to make its proposed $700 billion rescue package most effective in combating the financial crisis...
I am reminded of the first paragraph in the CFA manual under the header, Ethics in the Investment Profession—Ethical practices by investment professionals benefit all market participants and stakeholders, and lead to increased investor confidence in global capital markets. Clients are reassured that the investment...
"A trio of economists are talking to packed houses about the grim future of Fannie Mae and Freddie Mac, the causes of the credit crisis, and the failings of ratings agencies. Sylvain Raynes, Joshua Rosner, and Christopher Whalen are the power trio that has come to...
Debating whether credit agencies are partly to blame for the subprime mortgage crisis, with Ann Rutledge, R&R Consulting principal, and Josh Rosner, Graham Fisher & Co. managing director Click here to watch the video ...
Sylvain Raynes comments on the SEC’s proposal to remove the requirement of credit ratings for debt securities:"A consultant who advises investors on pricing complex securities said the SEC plan would open up opportunities for firms like his. Sylvain Raynes, a founding principal of R&R Consulting,...
R&R's Sylvain Raynes is quoted in a New York Times article regarding disciplinary action by Moody’s against employees alleged to have violated the company's code of conduct in rating European securities. Article excerpt: "Already under intense scrutiny for its role in the credit crisis, the Moody's Corporation...
"The SEC's 'subprime mortgage' problem is that the crisis has exposed a very serious information problem in the capital markets, and a perverse truth is revealed: financial firms make less money from information than from exploiting loopholes in our fragmented, deeply flawed capital market information...
There are markets, and there is the Market. Markets are networks of people who come together to exchange one thing for another. The Market is the cornerstone of a belief system whose biggest proponent has been the University of Chicago. Chicago: Hog Butcher for the...
R&R's Sylvain Raynes will comment on "How to Improve the Credit Rating Agency Sector" at the American Enterprise Institute in Washington, D.C., on June 24, along with Erik R. Sirri of the Securities and Exchange Commission, Lawrence J. White of New York University, Joshua Rosner...
R&R's Sylvain Raynes was interviewed by the New York-based correspondent for China's leading financial weekly, Caijing, in early June. Following is a partial English translation of the original Chinese article. Credit Market’s Recovery Grinds to a Halt By Eva Woo, Caijing, June 6, 2008 On the afternoon of...