IOSCO launches Initiative to raise crossborder standards

IOSCO Launches Initiative to Raise Standards of Crossborder Co-Operation Among Securities Regulators

The International Organization of Securities Commissions ("IOSCO") announced today that it
has launched an initiative to raise the standards of cross-border co-operation among securities
regulators.

IOSCO's objectives are to protect investors, to ensure fair, efficient and transparent markets and to reduce systemic risk. Together IOSCO members are responsible for regulating more than 90% of the global securities market.

The Chairman of the IOSCO Technical Committee, Mr. Andrew Sheng, explained that: “As financial markets have become increasingly global, so cross-border co-operation among
securities regulators has become an increasingly important objective”.

See full Announcement in pdf format.