WASHINGTON - What should be done to improve the regulation of the municipal market and what actually will be done are two very different matters.

As discussed in this column last week, the ideal way to protect investors and maintain confidence in the entire market would be to set up a system of mandatory disclosure that applies to all issuers and that subjects all market participants to a tough negligence standard.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.