WASHINGTON -- The American Bankers Association's secondary-market disclosure guidelines for trustees were released Tuesday after nearly two years in development, but market participants are not expecting an immediate push by issuers and their lawyers to implement the standards.

"I wouldn't expect to see a sudden market rush," said Cary Blancett, a bond lawyer with Hale and Dorr in Boston, who said the greatest difficulty will be in convincing issuers to take on the potential liability. "There is no legal duty to disclose in the secondary market," and taking on the task can mean incurring new risk, he said.

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