News & Events

Kalotay hits DPS over bond deal

October 14, 2011

Dr. Kalotay responds to an article in the Denver Business Journal regarding a 2008 DPS structured transaction.

Click here to read the full letter to the editor of the Denver Business Journal

Dr. Kalotay gets quoted in a second Bloomberg article.

August 12, 2011

Banks may have charged $20 billion in hidden fees on the derivatives alone, Andrew Kalotay, a New York-based financial consultant who specializes in such agreements, told an SEC hearing in Jefferson County last month. The agreements allowed lenders to earn fees that were rarely, if ever, disclosed, while exposing municipalities to unexpected increases in borrowing costs.

Read the Full Bloomberg article here.

Jul. 29 - Andrew Kalotay participated in a panel for the SEC

Event Date: 
July 29, 2011

At the invitation of the Securities and Exchange Commission (SEC), Andrew Kalotay participated in a panel on municipal derivatives on July 29th in Birmingham, AL. The panel is part of a series of hearings on the state of the municipal securities market. Dr.

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