Muni leaders are airing disagreements and concerns about the Financial Data Transparency Act and other recent developments, highlighting some long-simmering tensions over how issuers disclose information to the market. The multi-pronged discussion on FDTA and other hot topics occurred Thursday at the Richard Ravitch Public Finance Initiative Launch Symposium sponsored by the Volcker Alliance and hosted by the Pew Charitable Trust in Washington. The event was anchored by a study on Sustainable State and Local Budgeting and Borrowing. The study promotes a more active role for the federal government via a carrot of paying issuers for more robust disclosure combined with a stick of congressional oversight.
Source: The Bond Buyer
