MSRB

The amendments exempt those who've already qualified as a municipal advisor representative from retaking the Series 50 exam.

Mainly attributable to high inflation and increasing interest rates, costs have been increasing for retail sized trades but remained steady for institutional sized trades.

The board has added Alexander Chilton, Michael Craft, Pamela Frederick, Wendell Gaertner, and Christopher Kendall, as well as the returning Ernesto Lanza as chief regulatory and policy officer.

During its quarterly board meeting, the MSRB approved its controversial one-minute trade reporting window and approved a $47 million budget for FY 2024.

The action does not have immediate implications for municipal issuers but could give the muni market a sense of how the SEC is beginning to think about cybersecurity risks.

The proposed change to a one-minute reporting window will be discussed at the Municipal Securities Rulemaking Board upcoming quarterly meeting.

The rule amendments would create an exemption for previously qualified municipal advisors to forego requalification after a lapse in working for a municipal advisor.

Through proposed SEC regulations, federal grants and cybersecurity insurance, areas of the public finance industry are adjusting to costly and omnipresent cyber threats. 

Jerry Ford returns to fill the slot left open by Jill Jaworski.

Volatility in fixed income prices, which has risen recently, should not be mistaken for a systemic flaw in market structure or be used as a "strawman" to fix the plumbing and functioning of these markets.