Washington

Municipal Securities Rulemaking Board has promoted its deputy general counsel Lawrence Sandor to the newly created position of chief compliance officer.

Municipal issuers’ disclosures of financial and operating data have increased dramatically, while disclosures of bank loans have been disappointing, Municipal Securities Rulemaking Board executive director Lynnette Kelly said at a conference.

Large financial firms can expect continued scrutiny for risk management, internal controls and governance, Federal Reserve chair Janet Yellen said in New York.

The National Federation of Municipal Analysts has released a paper on best practices in disclosure for bank loans, an opaque segment of the municipal debt market that is getting increased attention from regulators.

Hospital credits could be hurt if the Supreme Court strikes down federal health insurance subsidies established by the Affordable Care Act, Moody's Investors Service said Tuesday.

The Municipal Securities Rulemaking Board is likely to propose requiring alternative trading systems to report quotation information on municipal securities to it in the future, industry officials said after listening to speakers on a federal regulatory update panel at a conference here on Monday afternoon.

The Municipal Securities Rulemaking Board's best execution rule may create liquidity problems for certain areas of the market and will pose compliance challenges for everyone, industry officials said Monday.

Moody's Investors Service ratings will be available on the Municipal Securities Rulemaking Board's EMMA website later this year, ending the rating agency's long holdout from the site.

Circumstances have changed and a different approach to Puerto Rico debt is warranted.

The Securities and Exchange Commission has approved the Municipal Securities Rulemaking Board's proposal to create baseline standards of professional qualification for municipal advisors.