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MSRB Annual Report 2020

MSRB Annual Report 2020
The MSRB is dedicated to overseeing the nearly $4.0 trillion municipal securities market—the primary market that helps fund important state and local government infrastructure projects. Fiscal Year 2020, which ended September 30, 2020, was highlighted by supporting a fair and efficient municipal market amid the challenges posed by the COVID-19 pandemic.

  

“The year 2020 was one of change and transition for the MSRB. I am honored to serve as CEO and inspired by the MSRB’s mission to strengthen the bonds that connect us across all of our communities. And I am proud of the resiliency of our organization and the commitment of our people, who have worked tirelessly to carry out our important mission.”

Mark Kim, MSRB Chief Executive Officer

Technology
In FY2020, the MSRB:
  • Completed the migration of the Electronic Municipal Market Access (EMMA®) website and related market transparency systems to the cloud, and
  • Created a new innovation hub, EMMA Labs, to enable collaboration with stakeholders on potential enhancements to the EMMA website and capabilities.
 
Data
The MSRB regularly provided market data and disclosure information to keep municipal market participants informed as they grappled with the market and economic impact of the COVID-19 pandemic.
 

Governance Reform

As a result of this year-long initiative, the MSRB began FY 2021 with a smaller Board and tightened standards of independence for public members.

Responsive Regulation

In light of the COVID-19 pandemic, the MSRB provided targeted, temporary regulatory relief to allow regulated entities to prioritize resources toward meeting the needs of their employees and clients during the pandemic.

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Community Outreach

Despite the pandemic, the MSRB stayed connected with municipal market stakeholders.

 

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Financial Stewardship

As part of the 2020 annual report, the MSRB provides audited  financial statements for the fiscal year ended September 30, 2020, which show how the organization manages its resources and financial reserves.

 

 

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