Letter from the Board Chair and the CEO (October 2026)
Dear Stakeholders:
As you know, municipal securities serve a vital role in financing American public infrastructure projects that build stronger, more vibrant communities. At MSRB, we are proud to serve this $4.5 trillion capital market by fulfilling our congressional mandate to protect investors, issuers and the public interest in a fair and efficient municipal securities market.
As the market continues to evolve, MSRB is evolving with it. Earlier this year, we published our Strategic Plan for FY2026-2030, which establishes three strategic goals to guide our work. Our key focus areas in the year ahead include:
- Regulatory Modernization. Protecting investors, issuers and the public interest in a fair and efficient municipal securities market with an emphasis on our holistic rule review of the municipal advisor regulatory framework, targeted retrospective rule reviews of the dealer regulatory framework, along with continued regulatory coordination and harmonization where appropriate.
- Market Transparency. Developing and maintaining the data repository for the municipal securities market by upgrading MSRB’s technology systems to receive, store and distribute the data in a secure, efficient and timely manner.
- Public Accountability. Ensuring accountability to MSRB’s congressional mandate through stakeholder engagement, education and outreach, corporate governance and fiscal stewardship.
We look forward to partnering with MSRB’s Board of Directors, staff, fellow regulators and our community of stakeholders as we advance these goals and fulfill our vision to give America the confidence to invest in its communities.
Sincerely,
Alexander Chilton, Board Chair
Mark Kim, CEO
