The Governmental Accounting Standards Board is set to issue new financial reporting guidelines requiring municipalities to disclose the risks of their derivative investments.

The guidelines require municipalities to reveal in financial statements any exposure to credit risk, market risk, and legal risk associated with derivatives and other similar investments, such as structured financial instruments like mortgage-backed securities.

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.