Washington Post (04/11/08) P. D2
In an effort to enhance risk oversight, Standard & Poor's has established a risk oversight committee and will hire an ombudsman. Additionally, it will mandate that loan data for mortgage-backed securities be made available and periodically move analysts from one issuer to another. The plan also calls for an alteration in the firm's computer models to address charges that it did not take rising mortgage defaults and losses in the mortgage-backed securities market into account in a timely manner.
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