Financial Regulatory Reform: A New Foundation Moreover, all national authorities should enforce compliance with their oversight regime to promote adequate practices and procedures for managing conflicts of interest in CRAs and to maintain the transparency and quality of the ratings process. The G-20 Leaders also called for the CRAs to differentiate ratings for structured products and provide full disclosure on performance measures and ratings methodologies. The U.S. regulatory regime for CRAs is consistent with IOSCO’s Code of Conduct for CRAs. Moreover, Treasury proposed, consistent with the G-20’s recommendations, that the SEC continue its efforts to tighten the regulation of CRAs along a number of dimensions, including through public disclosures of performance measures and methodologies and better differentiation of structured credit from other credit products. Given the important role played by CRAs in our financial markets, the United States will continue to work with our international counterparts to promote consistency of national oversight regimes across jurisdictions and that national authorities engage in appropriate information sharing, as called for by the G-20 Leaders.  88 .