On April 23, the SEC announced the agency for its Credit Ratings Roundtable which will be held on May 14.  The roundtable will consist of three panels: (i) the potential creation of a credit rating assignment system for ABS; (ii) the effectiveness of the SEC’s current system to encourage unsolicited ratings of ABS; and (iii) alternatives to the current issuer-pay business model in which the issuer selects and pays the rating agency.  Comments may be submitted prior to the event through the SEC website.  SEC Release.