MSRB Annual Report 2017

Working Together to Safeguard Market Integrity
The $3.8 trillion municipal securities market provides reliable, long-term income for investors and plays a key role in infrastructure investment, economic development and job creation. As the self-regulatory organization dedicated to safeguarding the integrity of this critical capital market, the Municipal Securities Rulemaking Board (MSRB):

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  • Develops unique and specialized regulations and compliance resources tailored to municipal market needs;

  • Collects input from market participants through a participatory and responsive public comment process;

  • Operates critical market transparency systems, including the Electronic Municipal Market Access (EMMA®) website, and is innovative and nimble in leveraging next-generation technology;

  • Provides objective and authoritative information, data and education to facilitate dialogue about how to enhance market fairness, transparency and efficiency; and 

  • Manages resources responsibly to ensure fairness and long-term financial sustainability.

Unique and Specialized

Participatory and Responsive

Innovative and Nimble

Objective and Authoritative

Commitment to Financial Sustainability