Establishing Consistent Standards for All Municipal Finance Professionals
In 2016, the MSRB implemented a core set of rules of professional conduct and qualification for municipal advisors designed to bring accountability to the municipal advisory business, a segment of the market that had operated without full regulatory oversight prior to the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Extending Important Investor Protections
Last year’s implementation of the first best-execution standard for municipal securities transactions and the creation of a mark-up disclosure requirement are major advancements in municipal investor protection and strongly support regulatory efficiency across financial markets.
Improving Market Efficiency
With many MSRB rules in place for more than 35 years, the organization has been engaged in an ongoing effort to ensure that its rules function as efficiently as possible and reflect current market practices.
MuniEdPro: A New Interactive Education Resource
In 2016, the MSRB brought advances in online learning technology to municipal market participants through the enhanced delivery of educational content.
EMMA Improvements and Usability
To improve the usability of the EMMA website, the MSRB focused its attention last year on planning for the future and responding to market feedback about enhancing EMMA’s continuing disclosure functionality for state and local governments.
Supporting the Community
As the MSRB concluded its first year in its new corporate office in Washington, DC, the organization took advantage of ways to contribute to the community.
Read more in the annual report.