The International Organization of Securities Commissions ("IOSCO") opened the public session of its annual conference addressing global challenges to securities markets. IOSCO reported on determinations made during its private executive deliberations including:
- Enforcement Cooperation. The IOSCO Presidents Committee approved the text of an enhanced Multilateral Memorandum of Understanding ("MMoU"), which provides additional powers for member regulators.
- Policy Work. The IOSCO Board (i) considered how to address gaps in asset management data collected by securities regulators, (ii) approved publication of the Survey Report on Audit Committee Oversight of Auditors, (iii) endorsed new mandates relating to retail investors, and (iv) agreed to establish a group that will engage with development banks, institutional investors and other stakeholders to discuss issues regarding market-based finance for infrastructure development.
- Identifying and Addressing Emerging Risks. The Board (i) discussed the issue of liquidity in securities markets, with a particular focus on liquidity in corporate bond markets, and (ii) agreed to consider different mechanisms for securities regulators to share and gather information on cyber risk and cyber security issues.
- Assisting IOSCO's Members. The Board (i) heard updates on IOSCO's capacity building activities and implementation monitoring, and (ii) formally recognized MMoU signatories.
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