Sunday, November 11, 2007

Learning from the Shogun -- Toward IOSCO's Vision of a Global Market


Chairman Christopher Cox, U.S. Securities and Exchange Commission
International Organization of Securities Commissions Technical Committee Conference
Hotel Okura Tokyo, Tokyo, Japan


Thank you, Junichi [Maruyama, Deputy Commissioner for International Affairs of the Japan Financial Services Agency] for your kind words, and for being such a wonderful host to IOSCO. I hope all of you will join in a round of applause for Commissioner Maruyama, Minister [Yoshimi] Watanabe [Japanese Minister for Financial Services], and Commissioner [Takafumi] Sato [Commissioner of the Japan Financial Services Agency] for the exceptionally warm hospitality that they have extended to all of us in the IOSCO family.

It is also an honor to follow Michel [Prada, Chairman of the French Autorité des Marchés], who has been an extraordinary leader as Chairman of the IOSCO Technical Committee. Chairman Prada has been a pillar of IOSCO as it has grown to become the world's most important forum for securities regulatory cooperation.

All of us from around the world are fortunate that this year's conference is being held in such a beautiful and historic city as Tokyo. Today, of course, Tokyo isn't just one of the world's financial capitals, but also one of the world's truly great international cities. And to match its high technology and 21st century innovations, Tokyo has a rich and remarkable history.

See full Speech.