IOSCO plays a key role in responding to global securities marketsâ challenges

Madrid, 22 February 2016 The Board of the International Organization of Securities Commissions (IOSCO) met for two days in Madrid to discuss and respond to the many ongoing and emerging challenges facing global securities markets. ‘The meeting again underscored IOSCO's role as the key reference point for global securities regulation, through our work firstly in identifying and responding to emerging risks, secondly in assisting our members in building capacity and co-operating to develop, supervise and enforce laws and thirdly acting as an advocate for the collective interest of our members,' said Board Chairman Greg Medcraft. ‘These are exciting and challenging times for securities regulators – and IOSCO is playing a key role in responding,' he added. On identifying and responding to emerging risks, the meeting last week was preceded, firstly, by Round Tables discussing recent market developments and volatility in world capital markets and, secondly, the challenges and opportunities posed by fintech and – more particularly - distributed ledger technology – or block chain.