Washington DC

The Alternative Reference Rates Committee said the recommendations are part of its mandate to address risks in contracts that refer to Libor as part of the larger shift to the Secured Overnight Financing Rate (SOFR).

The new amendments to be filed to the Securities and Exchange Commission will give disclosure responsibility to the lead underwriter, meaning less duplicative disclosure for issuers.

The proposed $12.7 billion project to build a new rail tunnel connecting New York and New Jersey has become a flashpoint between Democratic lawmakers and the Trump administration.

Bond Dealers of America members said they have spent an average of more than $17 million on regulatory costs since the beginning of the 2008 credit crisis.

Lower gas prices, remote working, easy driving and new competition from ride-share companies are taking slices of the pie.

In the coming months bond lawyers expect numerous municipal governments to issue new bonds to support investments in Opportunity Zones.

The MSRB said Rule G-29 doesn't make sense anymore since the rulebook can be accessed online.

The audit concluded a year and one day after the sports authority received a letter dated April 4, 2018, informing it that the tax-exempt status of the bonds was being examined.

The court shouldn't accept banker Peter Cannava's "narrow and cramped view of materiality,” the SEC urged.

Plans in Illinois, Kentucky, Connecticut and New Jersey still show low funded ratios, while the best funded plans experience better-than-average returns.

The Municipal Securities Rulemaking Board is making its MuniEdPro free for all market participants.

On deck for the meeting scheduled for next week, the MSRB's Board of Directors will discuss pennying, upcoming EMMA enhancements and financial disclosure timeliness by issuers.

Fallback language is expected to be released before year-end by the Alternative Reference Rates Committee convened by the Federal Reserve and ISDA.

The SEC’s Technology and Electronic Trading Subcommittee meets on pennying.

Bankers, lobbyists, issuers and lawyers aren't necessarily optimistic on an infrastructure bill passing this year.

The muni market has been slow to embrace SOFR but the existing Libor benchmark is set to cease publication in 2022.

Among the beneficiaries is a bond-financed bus line in Portland, Oregon.

A fourth audit in two months fuels the perception that the IRS has launched an enforcement initiative involving the island territory.

PREPA says it needs federal money to complete the work of rebuilding the commonwealth’s electrical grid following the destruction caused by Hurricanes Maria and Irma, but the Trump administration has been slow to disburse funds already approved by Congress.

The MSRB's first podcast will focus on yield curves.