The U.S. Securities and Exchange Commission’s scrutiny of public pension liabilities will not let up any time soon, a top SEC official said on Thursday. Pension disclosure will be “a continuing and very significant theme of the SEC,” John Cross, head of the SEC’s Office of Municipal Securities, told attendees at the National Association of Bond Lawyers’ (NABL) annual workshop. “I can’t overemphasize the significance and at least the need to focus on pension liabilities because of the sheer magnitude of the numbers,” Cross said, adding that those liabilities go the heart of state and local government fiscal health. More on Reuters here.
