The Bond Buyer
How the financial crisis changed the muni market
CORONADO, CALIF. – The 2008 financial crisis wrought radical changes in the municipal market, but those changes may not have prepared the market for its next challenge, analysts said Thursday.
The legacy of the calamitous financial meltdown of 10 years ago was the subject of a panel discussion at the National Federation of Municipal Analysts’ annual conference. The wide-ranging conversation touched on the changes in market conditions, the technological advancements in the industry, and the regulatory changes born from the reaction to the crisis. Tom Doe, president of Municipal Market Analytics, said that although the marketplace has access to far...