256 Results Found
Podcast
2021 In Review
MSRB Chief Market Structure Officer John Bagley examines notable trends in the 2021 municipal bond market, including near record new issuance coupled with low volatility and the lowest overall trading volumes since 2016.
Podcast
2020 In Review
MSRB Chief Market Structure Officer John Bagley, fresh off his return from secondment at the Federal Reserve Bank of New York to assist the Municipal Liquidity Facility, analyzes notable trends in the municipal market in 2020, including the unprecedented market dislocation and spectacular recovery.
Podcast
Building the Board
Hear from special guest Gary Hall, former Board Chair, as well as current Board members, Caroline Cruise and Seema Mohanty, about the MSRB ’s work to recruit a new…
Podcast
The Path to Systems Modernization
Modernizing decades-old market transparency systems is no small task. Get a behind-the-scenes look from the MSRB's technology and data leadership at this complex process, from taking our systems to the cloud to upgrading our infrastructure and developing a data strategy.
Podcast
Investing in Technology for the Future
Modern regulation is dependent on technological advancement. This episode features several members of the MSRB Board of Directors discussing the MSRB's strategic investment in technology and their vision for advancing fairness, transparency and efficiency in the municipal market.
Podcast
Enhancing Board Governance
Effective municipal market regulation depends on efficient and representative governance.This episode covers new amendments to MSRB rules that enhance governance standards and reduce the size of the MSRB Board of Directors.
Podcast
Leading through Crisis
In the first episode of the second season of the MSRB Podcast, MSRB leadership walks through the organization’s response to the pandemic and corresponding municipal market liquidity and credit crises. The MSRB Director of Research later joins for a deep dive into the data behind the March market dislocation.
Podcast
Now You Are a Municipal Advisor – Disclosure Fundamentals
Non-solicitor municipal advisors have an obligation to disclose conflicts of interest and other information to clients. This episode discusses the disclosure provisions of MSRB Rule G-42.
Podcast
Tax Reform Impact on the Supply and Demand of Municipal Bonds
Changes to the U.S. tax code have the potential to impact both the supply of municipal bonds and investor demand. This episode discusses important tax considerations, such as the state and local tax (SALT) deduction, that can influence municipal bond supply and demand, and provides additional insights into municipal market trends since the implementation of the Tax Cuts and Jobs Act of 2017.
Podcast
Municipal Advisor Considerations in Preparing for Examination
Municipal advisors are periodically examined by the U.S. Securities and Exchange Commission, the Financial Industry Regulatory Authority, Inc. and other regulatory authorities for compliance with Municipal Securities Rulemaking Board rules. This episode discusses considerations for municipal advisors when preparing for a review by an examining authority.
Podcast
Dealer Concentration and Participation in Municipal Securities Trading
The MSRB periodically analyzes dealer participation and concentration in municipal securities trading—two measures of liquidity that provide unique insights into trading activity. This episode discusses trends and changes in municipal securities dealer trading activity.
Podcast
MSRB Rule G-37: Promoting Integrity in the Municipal Securities Market
Learn about key provisions of MSRB Rule G-37 and how the rule promotes the integrity of the municipal bond market.
Podcast
Getting the Facts on the Muni Market
The MSRB’s collection of municipal bond market data and annual Fact Book provide information on municipal market trading patterns, primary market and continuing disclosures, and interest rate resets for municipal variable rate securities. Learn more about comprehensive and historical municipal market statistics and the MSRB Fact Book.
Podcast
Professional Qualifications - A Conversation about MSRB Rule G-3
MSRB professional qualification standards establish baseline knowledge and competency requirements for municipal market professionals. Learn more about how the MSRB protects investors and state and local governments that engage in municipal bond transactions by ensuring individuals engaging in municipal dealer and advisory activities meet minimum qualifications.
Podcast
A Conversation About Yield Curves
The municipal securities market is composed of more than one million unique bonds, each with its own specific structural characteristics, ratings and yields. Market benchmarks such as yield curves, provide sector-specific or broad market information about the general level of municipal interest rates. Not all benchmarks and yield curves are created equal. Hear about how different yield curves are used to evaluate a…
Podcast
Being Regulated – An Introduction for Municipal Advisors
What does it mean for municipal advisors to be regulated? This episode explains the importance of registration with securities regulators and the nature of MSRB rules. Municipal advisors can also find out how to participate in the rulemaking process and stay informed about new MSRB rules and interpretive guidance.
Podcast
Providing Disclosure Information to Investors
This episode discusses why disclosure of information by municipal securities issuers is important for investors. It reviews the common types of disclosures and covers steps for making continuing disclosures available for investors on the MSRB’s Electronic Municipal Market Access (EMMA®) website.
Webinar
Compliance Workshop: MSRB Rule G-17 Making Disclosures to Issuers (No CPE)
As the third of a series of free virtual compliance workshops, MSRB staff will conduct an in-depth discussion about key provisions of MSRB Rule G-17 on Conduct of Municipal Securities and Municipal Advisory Activities related to making disclosures to issuers. This workshop will follow a question-and-answer format based on questions and suggestions from regulated entities and other stakeholders.
Webinar
Compliance Workshop: Small Firm Municipal Advisor Supervision (No CPE)
During this free webinar, the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission (SEC) will discuss considerations for small municipal advisors in tailoring supervisory procedures based on the nature and scope of the firm’s municipal advisory activities, and methods of documenting that supervisory controls were implemented and enforced consistent with the regulatory…
Webinar
MSRB Webinar: EMMA for Municipal Advisors (No CPE)
Join us for a webinar to learn how municipal advisors can leverage the MSRB’s Electronic Municipal Market Access (EMMA®) website to find information about the municipal securities market and specific state and local government issuers. Explore EMMA’s intuitive navigation, quick links to interactive tools and improved display of information about individual bonds, including trade data and disclosure documents.
Webinar
MSRB SEC NABL GFOA BDA SIFMA Webinar: Amended SEC Rule 15c2-12 and EMMA (No CPE)
During this free webinar, representatives of the Municipal Securities Rulemaking Board (MSRB), the U.S. Securities and Exchange Commission (SEC), the National Association of Bond Lawyers (NABL) and the Government Finance Officers Association (GFOA) will discuss the February 2019 amendments to the SEC Rule 15c2-12 on municipal securities disclosure and related changes to the Electronic Municipal…
Webinar
Frequently Asked Questions Related to Amended SEC Rule 15c2-12 (No CPE)
During this free webinar, representatives of the Municipal Securities Rulemaking Board (MSRB) and the U.S. Securities and Exchange Commission (SEC) will discuss frequently asked questions related to the amendments to the SEC Rule 15c2-12 and related changes to the Electronic Municipal Market Access (EMMA®) website. Amended SEC Rule 15c2-12 includes two additional required event disclosures related to…
Webinar
Compliance Workshop: MSRB Rule G-40: Advertising by Municipal Advisors - Part I (No CPE)
During this free virtual compliance workshop, staff from the Municipal Securities Rulemaking Board (MSRB) will provide information on new MSRB Rule G-40, on advertising by municipal advisors effective Friday, August 23, 2019. This workshop will address frequently asked questions regarding the new rule and the content standards of advertisements. This is part one of a two-part compliance workshop…
Webinar
Compliance Workshop: MSRB Rule G-40: Advertising by Municipal Advisors - Part II (No CPE)
During this free virtual compliance workshop, staff from the Municipal Securities Rulemaking Board (MSRB) will provide information on new MSRB Rule G-40, on advertising by municipal advisors effective Friday, August 23, 2019. This workshop will address frequently asked questions regarding the new rule and the content standards of advertisements. This is the second of the two-part compliance…
