IOSCO publishes recommendations to address 'subprime crisis'

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04 Jun 2008

The International Organization of Securities Commissions (IOSCO) has published the final report of its Technical Committee's Task Force on the Subprime Crisis.

The report contains an analysis of the underlying causes of the crisis, the implications for international capital markets, and recommendations that address the issues facing securities regulators. The report includes recommendations by the Technical Committee for future IOSCO work to counter these issues in three areas, including accounting. These are:
  • Issuer transparency and investor due diligence.
  • Firm risk management and prudential supervision.
  • Valuation and accounting issues.
You will find additional information about the 'subprime crisis' on our Credit Crunch Page.

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