Clark Hill Attorney, Ernesto A. Lanza, Featured in The Bond Buyer, “XBRL technology could benefit the muni market, but cause headache”
WASHINGTON, DC – Clark Hill attorney, Ernesto A. Lanza, was quoted in The Bond Buyer, in the article “XBRL technology could benefit the muni market, but cause headache.” Lanza comments on a machine-readable technology’s move into the municipal market.
Lanza states, “What might look like a somewhat similar financial statement may not be identical in terms of what the underlying tables and numbers mean for various reasons. That’s one of the primary difficulties that’s kind of slowed things down in the municipal market.”
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Ernesto A. Lanza works closely with his clients to develop municipal market compliance solutions tailored to their business needs and the rapidly evolving regulatory and marketplace landscape. He provides advice on the securities law of public finance, with a particular emphasis on underwriting and municipal advisory compliance matters, new issue and continuing disclosure, conflicts of interest, secondary market trading, and market structure issues. His clients have included broker-dealers, municipal advisors, state and local governments, investors, trade groups, industry vendors and other market participants on a broad range of municipal bond, 529 college savings plan and related market matters. In addition, Ernie has transactional experience as bond counsel to state and local governments as well as underwriter’s counsel on numerous capital financings for a wide variety of public infrastructure, health care, single and multifamily, and other private activity projects totaling in excess of $10 billion.