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Contact: Jennifer A. Galloway, Chief Communications Officer
            (703) 797-6600
            jgalloway@msrb.org

MSRB PUBLISHES 2011 ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today published its 2011 Annual Report, which outlines accomplishments for the year and includes audited financial statements for fiscal year 2011. The report details activities aimed at achieving the MSRB’s investor and municipal entity protection mission, and for implementing the municipal market provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the Dodd-Frank Act).

Highlights of the MSRB 2011 Annual Report include:

  • New rulemaking initiatives undertaken by the MSRB to protect state and local governments, and investors.
  • Recent enhancements to the MSRB’s Electronic Municipal Market Access (EMMA®) website that provide market transparency.
  • Municipal market data collected and disseminated by the MSRB.
  • MSRB leadership efforts to ensure the fair and efficient operation of the municipal market.
  • Outreach events conducted by the MSRB to communicate developments to market stakeholders about the Dodd-Frank Act and solicit input from market participants on MSRB rulemaking initiatives.

The 2011 Annual Report includes a financial highlights section with information on the MSRB's annual revenues and expenses along with statements of financial position. The financial highlights are supported by full audited financial statements published in the Annual Report.

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.

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