What's Happening?
The International Organization of Securities Commissions (IOSCO) is a key international body that sets standards for securities regulation globally. Established in 1983, IOSCO has grown to include 241 members from 130 jurisdictions, regulating over 95% of the world's securities markets. It works closely with the G20 and the Financial Stability Board to promote adherence to its standards. IOSCO's core principles guide the development and implementation of consistent regulatory frameworks, aiming to protect investors and ensure market transparency. The organization also provides technical assistance and training to its members, fostering robust global capital markets.
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Why It's Important?
IOSCO's comprehensive approach to securities regulation is vital for maintaining global financial stability. By setting international benchmarks, IOSCO helps ensure that markets operate efficiently and fairly, reducing systemic risks. Its collaboration with major economic bodies like the G20 enhances the credibility and effectiveness of its standards. The organization's focus on investor protection and market integrity is crucial for building confidence in global financial systems. As IOSCO expands its membership, it strengthens the regulatory capabilities of emerging markets, contributing to a more balanced and resilient global economy.
What's Next?
IOSCO is expected to continue its efforts in expanding its network and enhancing regulatory cooperation among its members. Future initiatives may include developing new standards to address emerging financial challenges and increasing support for member jurisdictions in implementing these standards. The organization's ongoing collaboration with the G20 and FSB suggests that it will play a significant role in shaping future global regulatory policies. As IOSCO's influence grows, it may drive significant changes in securities regulation, impacting financial markets worldwide.
