Washington

As banks make more loans to lower-rated municipalities, they may have to follow Interagency Guidance on Leveraged Lending that was developed with private and corporate borrowers in mind.

UBS is facing more than $600 million in damage claims filed by Puerto Rico investors in closed-end bond funds, the bank said in its second quarter earnings report Tuesday.

The Securities and Exchange Commission's Office of Municipal Securities is hiring two new attorney advisers in the latest expansion of the team tasked with providing muni market expertise to federal regulators.

The Securities and Exchange Commission's new money market fund rules will make MMF investors more conservative while retaining the funds' usefulness for most market participants, including tax-exempt investors and municipalities, according to a new report from Moody's Investors Service.

Brian Zwerner, former manager of Bank of America's municipal derivatives trading desk, received three years' probation and a $10,000 fine for mini bond bid-rigging

Kroll Bond Rating Agency has reached agreement with the Municipal Securities Rulemaking Board to have the agency's ratings available on EMMA.

The Municipal Securities Rulemaking Board sought approval Thursday for the first municipal advisor rule the muni industry's self regulator has asked the Securities and Exchange Commission to approve since SEC adopted its final MA rule in September.

Municipal bond issuers, dealers, and lawyers are making another push to alter the Securities and Exchange Commission's Municipalities Continuing Disclosure Cooperation initiative, asking the SEC to narrow the program's scope and delay its deadline by several months.

Gov. Jerry Brown signed a bill into law on Wednesday that will expand an existing law to require California debt issuers to disclose any direct loans from banks to the California Debt and Investment Advisory Commission.

The Municipal Securities Rulemaking Board on Wednesday proposed a revised draft rule to establish the core duties of municipal advisors, tweaking some of the provisions that generated the most controversy in January's first draft.