Municipal Bonds Regulator Seeks ESG Information, Eyes Future Guidance

The agency that oversees municipal securities is gathering information for a possible climate risk policy for the sector, including potential standards for deeming a bond as “green,” a move that signals a further expansion of climate-related requirements for the finance industry. The Municipal Securities Rulemaking Board (MSRB) -- which oversees municipal bonds to fund local roads and other projects -- on Dec. 7 published a request for information (RFI) asking participants in the municipal securities market to share their environmental,...