02.19.20
A Bid To Shame Muni Disclosure Derelicts Draws Industry’s Fire
by: Mallika Mitra
State and local government officials are pushing back against a proposal from the Municipal Securities Rulemaking Board (MSRB) that would reveal to their bondholders how long it takes them to post their audited financial statements. That count of the days between the end of the fiscal year and the appearance of annual reports, to be disclosed on the MSRB website where securities filings are posted, is an effort to give the municipal bond market more transparency.
Read the full article on Bloomberg