Professor Hunt Comments on S&P Controversy for Reuters
Professor John P. Hunt commented for Reuters news agency on the mounting pressure for reform of rating agencies that has occurred in the wake of Standard & Poor's downgrading of the United States' credit rating. Hunt states that the downgrading is causing even more anger than the 2008 housing crisis, and is "reenergizing the debate" over the regulation of S&P and other rating agencies. "There may well be some more pressure on the regulators to do what they were ordered to do," said Hunt.
Professor Hunt's primary area of scholarly interest is the regulation of financial markets and institutions, including the role of credit-rating agencies in capital regulation and potential changes to their regulation that could mitigate the effects of financial bubbles.