Intergovernmental Working Group of Experts on International Standards of Accounting and Reporting

Building a Better Financial System: IOSCO’s Role

Speech by Greg Tanzer Secretary General, International Organization of Securities Commissions

Distinguished Guests, Ladies And Gentlemen

I would like to thank you for inviting me here to address this prestigious gathering of experts on International Standards of Accounting and Reporting, on behalf of the International Organization of Securities Commissions.

IOSCO is the leading international policy forum for securities regulators, with a membership of over 126 securities regulators who are responsible for regulating International Organization of Securities Commissions Organisation internationale des commissions de valeurs Organização Internacional das Comissões de Valores Organización Internacional de Comisiones de Valores more than 95% of the world’s capital markets including the major capital markets of Europe, the Americas, Africa and Asia, and we are still growing. IOSCO’s members are mostly independent governmental regulatory agencies with primary responsibility for administering the securities laws of their country, or regulatory bodies with responsibility for discrete segments of national securities markets within a jurisdiction. The organisation takes decisions by consensus and makes recommendations for endorsement by our Presidents’ Committee, where all members are represented and have an equal say irrespective of the size or development stage of their markets.

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