The TISA release today follows the WikiLeaks publication of the secret draft financial services annex of the TISA negotiations on 19 June 2014 showing the aim to further deregulate the financial sector, despite widespread consensus that lack of oversight and regulation was the main cause of the last global financial crisis of 2008. Today's release confirms the ongoing determination to deregulate. In 2015, PNC was one of 22 companies that violated disclosure requirements for municipal bonds by failing to divulge that the issuers had filed late financial reports. Since 1984, PNC has compiled the Christmas Price Index, a humorous economic indicator which estimates the prices of the items found in the song "The Twelve Days of Christmas". PNC has sponsored several initiatives to improve education, health and human services, cultural activities and the arts. These include "PNC Grow Up Great", a commitment to early childhood development, the "PNC Foundation", and community development investments.