PART II: AND WHO SHALL SELL THEM? RETHINKING INDUSTRY BUSINESS MODELS IN A SUPPLY DROUGHT

As the municipal market maintains a pace that could see 2011 generate the lowest new-issue volume in more than a decade, the shrinking supply and the growing cost of regulatory compliance are squeezing the traditional business models for broker-dealers and other professionals.  Our panel of industry veterans and outside analysts will put the current climate in context and share their forecasts for how long it will take for a recovery to unfold, what the competitive landscape will look like when it does, and whether issuers will need to get accustomed to new products and different levels of coverage and service as a result.