IOSCO Final Report: Progress on Implementation of Principles to Identify Risk

IOSCO published a final report on the implementation of Principles 6 and 7 of the IOSCO Objectives and Principles of Securities Regulation.  The Principles address particular concerns regarding risks posed to securities markets and the need for securities regulators to play a role in addressing systemic risks and maintaining financial stability.  The key findings of the report include:

  • that 31 jurisdictions participating in the review made significant efforts to implement Principles 6 and 7;
  • that further work is needed to develop processes to manage and mitigate systemic risks; and
  • that many jurisdictions developed processes to review the regulatory perimeter, with many of those processes being informal rather than formal.

See: IOSCO Final Report, “Thematic Review on the Implementation of Principles 6 and 7 of the IOSCO Objectives and Principles of Securities Regulation”; IOSCO Objectives and Principles of Securities Regulation; IOSCO Press Release.
Related News: IOSCO Met to Discuss Global Regulatory Reform for Securities Regulation (September 19, 2013).