The SEC has offered proposals to address conflicts of interest in the credit-ratings system, thus raising concerns about the regulator's own reliance on the ratings. Industry insiders, however, warn that changes to the ratings system could have serious adverse consequences. "Ratings modifiers ... are not the answer. ... What's needed is greater transparency in the analytics and credit evaluation that underlie the rating," said Boyce Greer, co-chair a Credit Rating Agency Task Force that SIFMA has formed to make recommendations on future models for credit-rating agencies. Read the SIFMA press release to learn more about the task force.