The Technical Committee of the International Organization of Securities Commissions (IOSCO) released its Report on Strengthening Capital Markets Against Financial Fraud. The Report is the result of an in-depth study of recent financial scandals involving large, global companies and represents a top-to-bottom review of securities market regulation aimed at identifying possible weaknesses to the international financial system and how these weaknesses can be addressed.
The Report includes a description of priority work on the most pressing concerns. A list of specific actions that IOSCO will undertake is included as an appendix to the Report’s Executive Summary.
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