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International Organization of Securities Commissions (IOSCO)

The International Organization of Securities Commissions (IOSCO) is the worldwide association of national securities regulatory commissions, such as the Securities and Exchange Commission in the United States, the Financial Services Authority in the United Kingdom, and about 100 other similar bodies. Click here to go to the IOSCO Website and click here to go to Links to IOSCO Members.

The member agencies of IOSCO have agreed to:

  • cooperate in developing, implementing and promoting adherence to internationally recognised and consistent standards of regulation, oversight and enforcement in order to protect investors, maintain fair, efficient and transparent markets, and seek to address systemic risks
  • enhance investor protection and promote investor confidence in the integrity of securities markets, through strengthened information exchange and cooperation in enforcement against misconduct and in supervision of markets and market intermediaries
  • exchange information at both global and regional levels on their respective experiences in order to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.

Under the Multilateral Memorandum of Understanding Concerning Consultation and Cooperation and the Exchange of Information, member organisations cooperate with each other in matters of enforcement.  This extends to matters of interpretation of IFRS, where IOSCO maintains a (confidential) database of enforcement actions taken by member agencies.

IOSCO looks to the IASB to develop IFRS that IOSCO members can rely on for use in their jurisdictions.

 

Related news

  • Conclusions on governance and strategy review of IFAC member bodies

  • Apr 02, 2013

  • The Monitoring Group and Public Interest Oversight Board (PIOB) have published documents in response to their March 2012 consultation documents on the governance of various organisations operating under the auspices of the International Federation of Accountants (IFAC). The reports outline a number of recommendations in relation to the governance and strategy of the various IFAC bodies, but does not make any recommendations on the governance of the International Public Sector Accounting Standards Board (IPSASB). The Monitoring Group has formally taken the question of IPSASB oversight onto its agenda, noting "its [own] composition and that of the PIOB currently are not appropriate to the needs of stakeholders in public sector accounting standards".

  • IOSCO Secretary General calls for new global regulatory framework

  • Dec 13, 2012

  • In a speech to The Atlantic Council, Mr David Wright, Secretary General of International Organization of Securities Commissions (IOSCO) has given a frank assessment of the issues surrounding the future of global financial regulation. Mr Wright proffered the option of a "global institutional framework, probably established by International Treaty" and chastised "isolationists" in the United States for "19th century logic" in denying the impacts of globalisation, including indirectly in relation to International Financial Reporting Standards.

  • IOSCO report calls for further work on securitisation vehicles

  • Nov 19, 2012

  • The International Organization of Securities Commissions (IOSCO) has released a report 'Global Developments in Securitisation Regulation', which includes in its recommendations that the Financial Stability Board, International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) should work toward further harmonisation of approaches to consolidation of securitisation special purpose vehicles (SPVs).

  • IOSCO chairman-elect outlines priorities going forward

  • Oct 22, 2012

  • The Australian Securities and Investments Commission (ASIC) has publicly released a transcript of a speech given by Greg Medcraft, current ASIC Chair and chairman-elect of the International Organization of Securities Organisations (IOSCO), to the International Centre for Financial Regulation in September 2012. In the speech, Mr Medcraft outlines his views on the key challenges facing IOSCO and his suggested strategies to address those challenges, including a greater role for industry.

  • IOSCO to consider 'larger role' in IFRS

  • Oct 08, 2012

  • The Board of the International Organization of Securities Commissions (IOSCO) has agreed to consider an IFRS Foundation request to play a larger role in global efforts to further the international adoption and implementation of International Financial Reporting Standards (IFRS).

  • Growth of the Islamic finance industry leads to need for better disclosures

  • Sep 19, 2012

  • The Islamic Financial Services Board (IFSB) has posted to its website a report from a high-level roundtable on 'Disclosure Requirements for Islamic Capital Market Products' organised by the IFSB, the International Organisation of Securities Commissions (IOSCO) and the Securities Commission Malaysia. The roundtable was to be a first step towards the development of international regulatory standards and best practices relating to disclosure requirements for Islamic capital market products.

  • The Bruce Column — Strengthening its global support

  • Jun 06, 2012

  • The IASB now has a formidable network of interested parties, both national and regional, around the world. Robert Bruce, our regular, resident columnist takes a look at the opportunities, and the possible problems, ahead.

  • Chairman Michel Prada speech to IOSCO

  • May 24, 2012

  • On 16 May 2012 Michel Prada, Chairman of the IFRS Foundation Trustees, addressed the 2012 IOSCO conference, in Beijing, China. In his speech, Mr Prada highlighted the IOSCO's role in developing IFRSs, discussed the future of the IASB as a global standard-setter, and shared his goal of greater coordination between the IASB and IOSCO.

  • IOSCO restructures

  • May 17, 2012

  • The International Organization of Securities Commissions (IOSCO), the worldwide association of national securities regulatory commissions, is currently holding its annual conference in Beijing, and has announced a restructure of its governance structure, operations and funding.

  • IFAC responds to Monitoring Group consultation

  • May 08, 2012

  • The International Federation of Accountants (IFAC) has publicly released its response to the Monitoring Group public consultation on the governance of the Monitoring Group, the Public Interest Oversight Board (PIOB), and the standard-setting boards and compliance advisory panel operating under the auspices of IFAC.

  • The IAS Plus Interviews – Sir David Tweedie, outgoing IASB Chairman

  • Jun 24, 2011

  • After ten years working to bring harmony and order in world financial reporting, Sir David Tweedie is standing down as Chair of the IASB. In a special interview with Robert Bruce for IAS Plus, Sir David Tweedie talks about his achievements, his battles, and his hopes for the future.

  • IOSCO Executive Committee Chairman discusses post-crisis regulation

  • Mar 25, 2011

  • The International Organization of Securities Commissions (IOSCO) has released a transcript of a speech given by Jane Diplock, Chairman IOSCO Executive Committee, on "Enhancing Financial Policy and Regulatory Cooperation - Responses to the Global Financial Crisis".

  • Joint Forum review of financial regulation

  • Jan 14, 2010

  • The Joint Forum of financial supervisors has published Review of the Differentiated Nature and Scope of Financial Regulation: Key Issues and Recommendations.

  • SEC remains committed to global standards

  • Oct 10, 2009

  • US Securities and Exchange Commission Chairman Mary L Schapiro spoke about reforming the global financial system and the regulatory framework that governs it at a conference sponsored by the IOSCO Technical Committee in Basel, Switzerland on 8 October 2009. She noted that during the current global financial crisis, 'investor confidence in the transparency of the markets, sufficiency and even the reliability of the information they were getting was shaken to the core'.

  • IOSCO consults on auditing issues

  • Sep 21, 2009

  • The International Organization of Securities Commission (IOSCO) Technical Committee has launched three related consultation reports prepared by its Task Force on Audit Services. The three IOSCO reports address:

  • IOSCO letter to G20 Heads of State

  • Nov 13, 2008

  • The International Organization of Securities Commissions (IOSCO) has sent a letter to the G20 Heads of State as input to their upcoming discussions in Washington on 15 November.

  • IOSCO statement on accounting standards

  • Oct 24, 2008

  • The Technical Committee of the International Organization of Securities Commissions (IOSCO) has issued a statement reaffirming its commitment to the development and enforcement of high quality accounting standards and to the independence of accounting standard setters.

  • 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.

  • IOSCO to review audit services issues

  • Jun 04, 2008

  • The Audit Services Task Force of the IOSCO Technical Committee will expand the scope of its work over the next year to include a number of audit services-related issues.

  • IOSCO communique

  • Jun 04, 2008

  • The International Organization of Securities Commissions (IOSCO) has released the Final Communique of its 33rd Annual Conference held 26-29 May 2008 in Paris.

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