IOSCO confirmed as the key global reference point for securities regulation

18 September 2013

IOSCO members met during their Annual Conference to discuss how to advance work on global regulatory reform and the identification of emerging risks in securities market.

IOSCO Board Chair Greg Medcraft said: "IOSCO is playing an increasingly important role in meeting the many challenges securities regulators face today. The G20 Leaders recognised our role at their recent meeting in St Petersburg."

"Market-based finance is becoming increasingly important in supporting economic growth. While generally having real economic benefits, financial innovation may introduce complexity which poses particular risks to investors and markets. Globalisation challenges us to ensure consistent global regulation and a level playing field for securities markets.

"Each of these challenges is a real opportunity for IOSCO – through its standard-setting work, through how it engages with industry, regulators and policy-makers and through its cooperation activity, particularly in the areas of supervision and enforcement. IOSCO must continue to ensure it is proactive and forward looking in meeting these challenges", he added.

The IOSCO meetings progressed work in a number of areas of global regulatory reform:

Members discussed how to move forward with work requested by the G20 on key issues for securities markets, including OTC derivatives, financial benchmarks, credit rating agencies and shadow banking. 

Members:

Full press release


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