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

MSRB PUBLISHES 2013 ANNUAL REPORT AND AUDITED FINANCIAL STATEMENTS

Alexandria, VA – The Municipal Securities Rulemaking Board (MSRB) today published its 2013 Annual Report, which highlights the MSRB’s progress in key priority areas, including enhancing regulatory efficiency, improving financial disclosure by state and local governments, and increasing municipal market transparency. The report also includes financial highlights for the organization for the fiscal year that ended September 30, 2013, and a link to access full audited financial statements on the MSRB’s website.

The report provides updates on MSRB initiatives in 2013 including:

  • Ongoing efforts to enhance regulatory efficiency by streamlining the MSRB Rule Book
  • Development of new tools and resources to assist state and local governments in improving their financial disclosure practices
  • Recent and planned enhancements for the MSRB’s Electronic Municipal Market Access (EMMA®) website, the official repository for information on virtually all municipal bonds
  • A look ahead at plans for implementing a regulatory framework for municipal advisors
  • Financial highlights on the MSRB’s sources of funding and allocation of resources

The Municipal Securities Rulemaking Board (MSRB) was established by Congress in 1975 with the mission to protect investors, issuers and the public interest and to promote efficiency, competition and capital formation. MSRB is a private, self-regulatory organization governed by an independent board of directors with market knowledge and expertise. MSRB does not receive federal appropriations and is funded primarily through fees paid by regulated entities. MSRB is overseen by Congress and the Securities and Exchange Commission.

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