The MSRB published its 2011 Annual Report - which includes financials and accomplishments highlights - and details the Board's implementation of those provisions of the Dodd-Frank Reform Act that pertain to regulation of the municipal markets, along with other information.  Highlights of this year's report:

• New rulemaking initiatives undertaken by the MSRB to protect state and local governments, and investors.
• Recent enhancements to the MSRB’s Electronic Municipal Market Access (EMMA) website that provide market transparency.
• Municipal market data collected and disseminated by the MSRB.
• MSRB leadership efforts to ensure the fair and efficient operation of the municipal market.
• Outreach events conducted by the MSRB to communicate developments to market stakeholders about the Dodd-Frank Act and solicit input from market participants on MSRB rulemaking initiatives.

For further details, and to access MSRB's financial highlights - annual revenues and expenses, and statements of financial position, go to: [MSRB Press Release, 1/6/12] and [MSRB Financial Highlights]