“…On the other hand, the regulators want to reduce reliance on ratings, for example, by striking references in regulations to ratings. Kotecha believes that regulators need to address the issue of competition in the context of a reform of the rating agency compensation model, a matter on which he and his colleagues at SCIC have published two articles in the Journal of Structured Finance (Kotecha, Weinberger, Ryan [2010, 2011). …”