Kyle Glazier is the Washington Bureau Chief of The Bond Buyer. He has previously covered securities law, the Far West, and markets. He has previously written for the Houston Chronicle, Albany Times-Union, and The Denver Post. He holds a bachelor’s degree in English from Arizona State University and a master’s degree in journalism from the University of Colorado.
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The Board of Governors of the Federal Reserve System has proposed a rule that would amend the Feds liquidity coverage ratio requirement (LCR) to include some uninsured investment-grade general obligation municipal securities as high-quality liquid assets (HQLA), a move market participant have said matters little unless other regulators follow suit.
May 21 -
The Securities and Exchange Commission on Thursday charged an Atlanta-based investment advisory firm and two executives with fraud for allegedly selling investments to pension funds for the city's police and firefighters, transit workers, and other employees that were illegal under state law.
May 21 -
The Securities and Exchange Commission has announced that Jessica Kane will be the new director of the SECs Office of Municipal Securities and that Rebecca Olsen will be deputy director.
May 20 -
Municipal market trading volume fell 13% from the first quarter of last year, according to statistics released by the Municipal Securities Rulemaking Board on Tuesday.
May 19 -
The Financial Industry Regulatory Authority fined a dealer firm and fined and suspended an individual for violations of Municipal Securities Rulemaking Board rules, FINRA revealed in its monthly disciplinary report for May.
May 18 - Washington
The economic decisions municipal governments are making right now could serve as a good guide to how they might behave under fiscal stress, Public Financial Management managing director Michael Nadol told muni analysts Friday.
May 15 -
Federal aid for Puerto Rico and its cash-strapped issuing authorities is not going to happen, former governor Luis Fortuño told municipal analysts Thursday.
May 14 -
Any well-publicized enforcement action over whether bank loans should be treated as securities would certainly provide some guidance on this issue, Municipal Securities Rulemaking Board executive director Lynnette Kelly told muni analysts meeting here.
May 14 -
The National Federation of Municipal Analysts presented awards to six muni market professionals during a luncheon at its annual conference in Las Vegas Wednesday.
May 14 -
Dont fear the Fed and looming interest rate increases, a senior economist at Bank of America Merrill Lynch Global Research told municipal analysts meeting here Wednesday
May 13 -
The Securities and Exchange Commission has frequently pursued recent municipal market enforcement actions in federal court rather than in front of its own administrative law judges, where critics have charged that the SEC enjoys a distinct home field advantage.
May 11 - California
The California State Water Resources Control Board's new water conservation mandate will reduce revenues available to pay bondholders, Fitch Ratings said.
May 8 -
The annual average length of time between the end of the fiscal year and the date on which audited financial statements were submitted to EMMA was 448 days in 2014, sharply above the average of 342 days in 2013, a Municipal Securities Rulemaking Board report found.
May 6 -
A bipartisan coalition of House members has introduced legislation that would require federal banking regulators to treat certain municipal securities held by large banks and other financial institutions as high-quality liquid assets
May 4 -
The Financial Industry Regulatory Authority faced criticism from House Republicans Friday wondered if the broker-dealer self-regulator is too heavy-handed with small firms.
May 1 - Washington
Fitch Ratings and Moodys Investors Service have assigned their highest ratings to Seattle's unlimited and second-highest ratings to its limited tax general obligation bonds ahead of a more than $350 million competitive sale next week.
April 29 -
U.S. Solicitor General Donald Verrilli has until May 20 to respond to a request from Miami, Fla.'s former budget director that the Supreme Court hear his argument that he should be shielded from a Securities and Exchange Commission lawsuit.
April 28 -
The Municipal Securities Rulemaking Board plans to publish interpretive guidance on its best execution rule no later than July, MSRB chair Kym Arnone said Monday.
April 27 -
A California appellate court's decision could reduce the economic flexibility of local governments and water utilities that analysts are already concerned could struggle to raise revenue in the arid conditions.
April 23 -
StateTrust Investments, Inc. has been penalized $90,000 and censured by the Securities and Exchange Commission in a settlement over charges it broke Municipal Securities Rulemaking Board rules when it sold Puerto Rico bonds for an amount less than the issuer's specified minimum denomination.
April 23
