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Municipal Market Disclosure: Fundamentals and Evolving Practices


Crowne Plaza Costa Mesa Orange County 3131 Bristol Street Costa Mesa, CA 92626

April 8-9, 2025
Crowne Plaza Costa Mesa Orange County
3131 Bristol Street
Costa Mesa, CA 92626

Agenda

Public agency disclosure is critical to promoting transparency in the municipal securities market. Investors must be informed of the risks related to an agency’s revenues and financial condition, but disclosure obligations are expanding to include emerging economic and regulatory risks. This seminar seeks to assist public agency officials and other market professionals in improving their understanding of the policy and regulatory environment surrounding municipal disclosure and how that environment may change in the future.

Day one of this seminar will focus on the fundamentals of disclosure, covering current rules for primary and continuing disclosure practices by public agencies including reporting requirements to CDIAC. Day two will focus on navigating evolving disclosure best practices in various areas of risk, including cyber and climate, through the lens of maintaining an effective disclosure team for risk assessment. Also, day two will bring participants current with the implementation of the Federal Data Transparency Act.

Presentation Materials

Printed versions of the seminar presentations are not provided on the day-of the event. PDF files for the combined presentation and individual sessions are listed below.

Day 1 Slides by Session

Day 2 Slides by Session

Speakers

  • Margaret (Margie) Backstrom, Managing Director, Fixed Income Division, Morgan Stanley
  • Marc Bauer, Partner, Orrick, Herrington, & Sutcliffe LLP
  • Robert Berry, Executive Director, CDIAC
  • Daniel (Dan) Deaton, Partner, Nixon Peabody LLP
  • Renee Dougherty, CFA, Director of Municipal Research, Charles Schwab Asset Management
  • Tara Dunn, Manager, Policy Research Unit, CDIAC
  • Brian Garzione, Partner, Hawkins Delafield & Wood LLP
  • Jay Goldstone, Financial Services Advisor, Self-employed
  • Paulina Haro, Senior Project Advisor, Governmental Accounting Standards Board
  • Donald (Don) Hester, CISSP, CISA, CGRC, CRISC, Cybersecurity Advisor, Cybersecurity and Infrastructure Security Agency
  • Jacquelynne (Jacqui) Jennings, Partner, ArentFox Schiff LLP
  • Brian McCartan, Senior Fellow, Ceres, Inc.
  • Diane Quan, Partner, Hawkins Delafield & Wood LLP
  • Dave Sanchez, Director, U.S. Securities and Exchange Commission
  • Nikolai Sklaroff, Capital Finance Director, San Francisco Public Utilities Commission, Commissioner, CDIAC
  • Samuel (Sam) Smalls, Treasury and Debt Manager, Metropolitan Water District of Southern California
  • David Song, Associate, Nixon Peabody LLP
  • Krystal Tena, Associate Director, S&P Global Ratings
  • Sean Tierney, Partner, Hawkins Delafield & Wood LLP
  • Amanda Trussell, Principal Administrative Analyst, County of San Bernardino
  • Anna Van Degna, Public Finance Director, City and County of San Francisco
  • Jan Whittington, PhD, Associate Professor of Urban Design and Planning Department, Director of the Urban Infrastructure Lab, Associate of Tech Policy Lab, University of Washington, Seattle
  • Daniel (Dan) L. Wiles, Board Member, Municipal Securities Rulemaking Board
  • Matthew Wingert, Budget Manager, Los Angeles County Metropolitan Transportation Authority

Resources and Recommended Readings

CDIAC Publications

Recommended Readings

Archives of CDIAC's Disclosure Education

Speakers

If you have questions about this program, please contact CDIAC at CDIACEducation@treasurer.ca.gov.