Industry Roundtable

Anne Ross, Dave A. Sanchez, Mark Kim, Emily Swenson Brock and Kimberly Magrini

Municipal Finance Journal, 2022, vol. 43, issue 2, 31 - 48

Abstract: The pandemic has served to accelerate changes in the municipal bond market and in assessment of credit risk. Enhanced disclosures, including voluntary disclosures, have provided more timely interim disclosures than those found in continuing disclosure agreements. Elements of risk associated with environmental, social, and governance (ESG) events and climate-related occurrences have affected the weights and measures analysts apply to risk assessment, which continues to evolve with the availability of big data. Bond allocations are being made based on buyers identifying themselves as ESG in scope, leading to questions pertaining to order period guidelines. Regulators have expressed interest in the adequacy of disclosures of such risks and actual or potential harm to investors where such disclosures are less than robust.

Date: 2022
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1086/MFJ43020031 (application/pdf)
http://dx.doi.org/10.1086/MFJ43020031 (text/html)
Access to the online full text or PDF requires a subscription.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ucp:munifj:doi:10.1086/mfj43020031

Access Statistics for this article

More articles in Municipal Finance Journal from University of Chicago Press
Bibliographic data for series maintained by Journals Division ().