In addition, it would provide them with an incentive to develop better internal credit-rating systems.

ECONOMIST: Banking regulation

Regarding how MF Global treated customer funds, the subcommittee will focus on whether the rating companies looked into the futures firm's internal processes and systems.

WSJ: MF Global Probe: Congress Presses Rating Firms

The suggested revision adds two ideas to the same basic regime: in deciding how much capital is needed, make greater use of, first, credit-rating agencies' measures of risk and, second, banks' internal risk-management models.

ECONOMIST: Economics focus