Municipal disclosure

Banker Peter Cannava may be left to battle on alone, after the Securities and Exchange Commission and Wells Fargo told a federal court they have an agreement.

Bond lawyers asked for a safe harbor for issuers to provide unaudited information without needing to be fearful of anti-fraud laws.

Bond lawyers pushed for information from the SEC's top muni official Thursday.

State Sen. John Moorlach's legislation would make California only the second state to adopt the machine-readable computer language for financial documents.

Some issuers were concerned about precedents they would be setting and questions underwriters could have regarding compliance with the amended rule.

Timely and complete accounting and financial reporting are as critical to municipal professionals as is disclosure, according to Jeffrey Previdi, GASB vice chairman. Long-standing standards and practices are being brought up-to-date to remain compatible with today's rapid-paced changes. John Hallacy hosts.

Careful reading of the amendments reveals that there are three types of events — not just two — which may have to be reported.

The number of trades increased by 2.9% in 2018, the highest it’s reached in the last five years, while the actual dollar amount remained stable.

While public corporations are required to file an annual audit within 60 days after the close of the year, municipal bond borrowers often take close to triple that time or longer.

An SEC muni office official discussed 15c2-12 and more on Tuesday.

Scott Andreson plans to work with the SEC to improve disclosure.

Issuers are still seeking clarity on new SEC rules as a Feb. 27 deadline approaches.

The availability of new analytics that correctly capture the downside risk materially raises the bar on discount-bond disclosure.

The board received comments from dealers asking for clarification on bid-wanteds, MSRB Chair Gary Hall said.

Issuers say a variety of factors make it difficult to get audits in any faster.

With Rule 15c2-12 amendments taking effect at the end of February, issuers expressed confusion about their impact on continuing disclosure responsibilities.

The idea of XBRL makes sense, sources said, but the issue is balancing costs and benefits.

A continuing disclosure agreement debuted in documents for the state's advance refunding of Build America Bonds.

Topics range from policy changes, regulatory developments, and pensions to interest rates, technology, and market opportunities.

BondWave’s Municipal AA QCurve is among four third-party yield curves on MSRB’s EMMA site.