IOSCO response to subprime crisis includes accounting focus
Sep 26, 2008
The Technical Committee (TC) of the International Organization of Securities Commissions (IOSCO) met on 16 September to discuss current market conditions and further prioritise IOSCO's work in response to the subprime crisis.
Accounting and valuation are among the following TC priorities:
- Greater international coordination for the oversight of credit rating agencies
- Safeguards for retail clients
- Firm risk management
- Prudential supervision
- Valuation and accounting
