Government finance

The Financial Accounting Foundation abandoned its tradition of selecting a state auditor to chair the Governmental Accounting Standards Board.

The winner is Christian Beltran, a student at the University of Southern California’s Sol Price School of Public Policy.

In a working paper paper released by the Volcker Alliance on Wednesday, researchers said states need to do a better job of disclosing their infrastructure needs.

If the proposal is approved, the timing of issuers' annual financial disclosures would be prominently displayed as soon as the beginning of 2020.

At an SEC Fixed Income Market Structure Committee meeting on Monday, participants suggested giving out awards to incentivize issuers to submit timely financial information.

Both women will be honored as part of The Bond Buyer's Deal of the Year gala on Dec. 4 in New York City.

Issuers will be looking to see what Securities and Exchange Commission Chair Jay Clayton says about disclosure.

Vice President, Manager of Municipal Underwriting, Fidelity Capital Markets

As a result of the March 23 appellate court ruling, Fitch announced on April 11 it has put seven bond issuances on negative ratings watch.

Issuers and non-dealer muni advisors support the existing prohibition, while dealers asked the MSRB to provide some flexibility.