The Municipal Securities Rulemaking Board is working toward new levels of transparency in the municipal bond market.
"At $3.7 trillion, the U.S. municipal bond market is so massive it is incomprehensible to many citizens," according to an article on the blog of the Lincoln Institute of Land Policy. "And as the source of financing for two thirds of schools, roads, hospitals, and other infrastructure, it is critical to the quality of life of states, cities and towns of all sizes."
The post provides insight into a recent presentation by Lynnette Kelly, executive director of the Municipal Securities Rulemaking Board, on new practices in making the municipal bond market more transparent, including new regulations announced in February "to address so-called “pay-to-play” arrangements."
The presentation, including a conversation with Lincoln Institute Fellow Lourdes Germán, is available online. The event was the latest installment in the Lincoln Institute of Land Policy's series devoted to municipal fiscal health.
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