The International Organization of Securities Commissions (IOSCO) opened its Annual Conference public sessions focusing on the themes of securities regulators and systemic risk, the challenges of debt markets, international corporate governance and consumer education.

 

The public conference comes at the conclusion of IOSCO’s private meetings which have resulted in this morning’s decision by the Presidents’ Committee to approve a new organisational structure and funding basis. This decision ensures that IOSCO, as the international standard setter for securities markets regulation:

 

• is structured and positioned to continue to provide the lead in the development of regulatory standards for capital markets;

• has the resources needed to engage in the identification of emerging securities markets risks;

• possesses the capability to meet the needs of its members; and

• has the ability to respond to requests for targeted work by the G20 and the Financial Stability Board (FSB).

 

Jane Diplock, Chairman of IOSCO’s Executive Committee, said:

 

“We know that securities markets do not, as many market participants once fondly believed, regulate themselves: regulation must play its part – regulation that aims at sustaining the financial system and preventing individuals and businesses from exploiting and weakening it, even bringing it to its knees. It has been another eventful year for our organisation and IOSCO has rightly taken its place in the global financial architecture, recognised as the standard setter for securities markets regulation by the G20 and the international financial institutions. With today’s decision on our new structure we ensure that we are well equipped to face head-on the challenges the coming years will bring.”

Press release