Friday February 21 2014
News Source: Global Exchanges
Focus: Other
Type: General
Country: International
The Board of the International Organization of Securities Committees (IOSCO) met in Kuala Lumpur this week to drive its work on key issues facing global financial markets and securities regulators. Malaysian Prime Minister Najib Razak, who delivered a special address at the IOSCO Board dinner, emphasised the key role IOSCO plays in shaping long term architecture of global capital markets.
The meeting intensified IOSCO`s commitment to regulators in growth and emerging markets in building resilient capital markets to withstand volatility in global markets while supporting sustained economic growth.
The Board agreed to measures that deliver on its commitments to the G20/FSB reform priorities and to focus on supporting market based financing as a driver of economic growth.
The Board made progress on organisational and cooperation initiatives designed to ensure that IOSCO has the funding, organisational framework and outlook needed to anticipate and respond to issues in emerging and advanced securities markets through to 2020.
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