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Contact: Leah Szarek, Director of Communications



Washington DC — As the primary regulator for the municipal securities market, the MSRB has been providing data and expertise to federal policymakers to help inform the development of effective emergency relief for this critical capital market, which has keenly felt the effects of the COVID-19 pandemic. Today, we are pleased to announce that MSRB Chief Market Structure Officer John Bagley will temporarily join the Federal Reserve Bank of New York on secondment to lend his deep municipal market expertise to the implementation of the Municipal Liquidity Facility.

"John will be an extraordinary asset to the Federal Reserve as they implement solutions to support the $4 trillion municipal market that provides an essential source of financing for communities that are bearing the brunt of the COVID-19 crisis," said MSRB Board Chair Ed Sisk. "The MSRB is committed to offering our data and expertise to help states, communities and investors on the road to recovery.

MSRB staff in the Market Structure and Data Management and Analytics departments will continue to actively monitor and produce reports on municipal market trade activity and COVID-19-related disclosures to help market participants and policymakers understand the impact of COVID-19. Data and other information are available on the MSRB’s dedicated COVID-19 information page on its website.

The Municipal Securities Rulemaking Board (MSRB) protects and strengthens the municipal bond market, enabling access to capital, economic growth, and societal progress in tens of thousands of communities across the country. The MSRB fulfills this mission by creating trust in our market through informed regulation of dealers and municipal advisors that protects investors, issuers and the public interest; building technology systems that power our market and provide transparency for issuers, institutions, and the investing public; and serving as the steward of market data that empowers better decisions and fuels innovation for the future. The MSRB is a self-regulatory organization governed by a board of directors that has a majority of public members, in addition to representatives of regulated entities. The MSRB is overseen by the Securities and Exchange Commission and Congress.