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Muni Market's Regulator Is Seeking Standards for Disclosure on ESG Debt: Joe Mysak

  • MSRB asks for feedback on how issuers disclose credit risk
  • Government finance officers released best practices in 2021

There’s a big mess in MuniLand, and the Municipal Securities Rulemaking Board wants to clean it up.

The mess is “Environmental, Social and Governance” practices by municipal issuers, and the MSRB, the self-regulatory organization in charge of the $4 trillion market, wants feedback -- from bankers to public officials to investors and the general public -- about what borrowers disclose on how ESG relates to their bonds.