MSRB Publishes 2015 Annual Report

The MSRB published the organization’s 2015 Annual Report. The Report highlighted MSRB’s ongoing efforts on investor protection, improved disclosure and new regulatory standards for municipal advisors. The Annual Report also reviewed the organization’s finances for the fiscal year and outlined an agenda for 2016.

The MSRB stated that it will continue to improve on the progress made to date, and in 2016 will:

  • enhance the availability of more robust pricing information for municipal securities investors;
  • work toward better disclosures of bank loans and alternative financings by municipal securities issuers;
  • create the first professional qualifying examination for municipal advisors; and
  • add objective, noncommercial resources on municipal market topics to the online MSRB Education Center.

Future initiatives include (i) shortening the settlement cycle to T plus 2,(ii) minimizing technological vulnerabilities in its trade reporting system, (iii) improving issuer disclosure practices and (iv) implementing regulatory standards for municipal advisors.