What's Happening?
The International Organization of Securities Commissions (IOSCO) is a global body that unites securities regulators and sets standards for the securities sector. It collaborates with the G20 and the Financial Stability Board on regulatory reforms. IOSCO's membership includes 35 securities regulators, covering over 95% of global securities markets. The Securities and Exchange Board of India (SEBI) is actively involved in IOSCO's governance, participating in all eight policy committees and the Assessment Committee, which evaluates the implementation of IOSCO's standards. SEBI also engages with the Growth and Emerging Markets Committee and the Asia Pacific Regional Committee, contributing to the development of global securities regulation.
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Why It's Important?
IOSCO's role as a global standard setter is crucial for maintaining fair, efficient, and transparent markets. Its collaboration with major international bodies like the G20 and FSB ensures that securities regulation keeps pace with global financial developments. SEBI's involvement highlights the importance of emerging markets in shaping international securities standards. This participation not only strengthens SEBI's regulatory capabilities but also enhances investor protection and market integrity worldwide. The collective efforts of IOSCO members aim to mitigate systemic risks and foster investor confidence, which are vital for stable global financial markets.
What's Next?
IOSCO continues to expand its influence by developing new standards and methodologies for securities regulation. As SEBI and other members implement these standards, IOSCO will likely focus on enhancing cross-border cooperation and information exchange. This could lead to more robust enforcement against market misconduct and improved supervision of market intermediaries. The ongoing collaboration with the G20 and FSB suggests that IOSCO will play a significant role in future global regulatory reforms, potentially influencing policy changes in member jurisdictions.
