Monday February 16 2015

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General

Country: International

Link: http://www.iosco.org/news/pdf/IOSCONEWS366.pdf




The Board of the International Organization of Securities Commissions (IOSCO) met in Seoul to push forward IOSCO’s work on securing strong, safe and efficient securities markets, as drivers of global economic growth.

The Board discussed and progressed policy, organizational and strategic issues.

On policy issues the Board discussed its priorities for 2015 and:

  • Progressed IOSCO’s important work with the FSB on Non-Bank Non-Insurance SIFI’s and discussed the timing of implementation of margin requirements for non-cleared OTC derivatives;
  • Discussed IOSCO’s mainstream role and contributions to FSB priorities in 2015, including central counterparties (CCPs), asset management and conduct risk;
  • Supported development of new mandates on secondary bond market liquidity and order routing incentives;
  • Discussed current risks in capital markets. Provided direction on a proposal to identify the risks and vulnerabilities in market based financing and a proposal to develop tools for identifying data gaps and eliminating barriers to data gathering;
  • Discussed IOSCO’s important work on cyber resilience, investor protection, credible deterrence, IOSCO’s Enhanced Multilateral Memorandum of Understanding on cooperation and the exchange of information and cross border regulation;
  • Received updates from the UK Financial Conduct Authority about their fair and effective markets review and the opportunities for IOSCO to better understand the role IOSCO might play in the important global dimensions of that work;
  • Discussed a forward plan for IOSCO’s Assessment Committee to monitor and assess implementation of IOSCO’s Principles and Standards.

Click on the above link for further details.