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MSRB: Financial Disclosures Way Up, Bank Loans Not so Much
Municipal issuers’ disclosures of financial and operating data have increased dramatically, while disclosures of bank loans have been disappointing, Municipal Securities Rulemaking Board executive director Lynnette Kelly said at a conference.
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The Securities and Exchange Commission's enforcement division is contacting dealers who reported their own possible violations of securities laws under a voluntary enforcement program initiated last year, giving them two weeks to decide if they still want to take advantage of the lenient settlement terms. more »
Municipal Securities Rulemaking Board has promoted its deputy general counsel Lawrence Sandor to the newly created position of chief compliance officer. more »
The National Federation of Municipal Analysts has released a paper on best practices in disclosure for bank loans, an opaque segment of the municipal debt market that is getting increased attention from regulators. more »
Hospital credits could be hurt if the Supreme Court strikes down federal health insurance subsidies established by the Affordable Care Act, Moody's Investors Service said Tuesday. more »
The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon. more »
The Municipal Securities Rulemaking Board's best execution rule may create liquidity problems for certain areas of the market and will pose compliance challenges for everyone, industry officials said Monday. more »
Moody's Investors Service ratings will be available on the Municipal Securities Rulemaking Board's EMMA website later this year, ending the rating agency's long holdout from the site. more »
Circumstances have changed and a different approach to Puerto Rico debt is warranted. more »
The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposal to create baseline standards of professional qualification for municipal advisors. more »
New York City public advocate Letitia James has filed a friend of the court brief in support of the Securities and Exchange Commission's pay-to-play restriction on investment advisers, which is under attack in a lawsuit filed by two state Republican parties last year. more »
Legislation that would allow government-owned corporations in Puerto Rico to reorganize through Chapter 9 may face an uphill battle after drawing a lukewarm reception from Republicans on a House panel Thursday. more »
The Federal Reserve is working to identify municipal securities that could be treated as high-quality liquid assets under rules requiring banks to maintain liquidity coverage ratios, Fed chairwoman Janet Yellen told members of a House committee. more »
Par volume traded for municipal securities was $2.77 trillion in 2014, the lowest volume in over a decade, according to the Municipal Securities Rulemaking Board fact book released Wednesday. more »

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