Municipal Advisors

On October 5th, the MSRB issued a Request for Comment on two draft compliance resources – one for Dealers and the other for Municipal Advisors – concerning New Issue Pricing (“RFC”). Comments are due by January 4th, 2022. The stated goal for the compliance resources is “to enhance understanding regarding the existing regulatory standards applicable to regulated entities’ supervision of conduct when pricing a new issuance of municipal securities.”

A team of finance and technology professionals at Lumesis have harnessed artificial intelligence tools to begin solving practical problems that arise when developing deal-specific yield curves (or scales) during the new municipal bond issuance pricing process.