The Board of the International Organization of Securities Commissions today published its first annual work program, to enhance the effectiveness of IOSCO and the impact of its policy work on global securities markets.
The Board agreed on five priority issues for its work in 2019, based on the conclusions of the IOSCO Risk Outlook and drawing on input from members and IOSCO policy committees.
The priorities identified by the Board for 2019 are:
1. Crypto-assets
2. Artificial Intelligence and Machine Learning
3. Market Fragmentation
4. Passive Investing and Index Providers
5. Retail Distribution and Digitalization
Each of these priorities falls into one or more of five broad focus areas that were approved by the Board in late 2016 to guide IOSCO ́s work:
The work program will help ensure that the work of IOSCO ́s eight policy committees, its Committee on Emerging Risk and Assessment Committee is closely aligned with Board-approved priorities in the future.
Ashley Alder, Chair of the IOSCO Board, said: “The publication of our work program will bring more transparency to our work, benefiting both members and stakeholders. It also will facilitate greater cooperation among IOSCO members, at a time when IOSCO work increasingly cuts across the mandates of different policy committees.”
NOTES TO THE EDITORS
About IOSCO
· to cooperate in developing, implementing and promoting adherence to internationally recognized and consistent standards of regulation, oversight and enforcement in order to protect investors, maintain fair, efficient and transparent markets, and seek to address systemic risks;
· to enhance investor protection and promote investor confidence in the integrity of securities markets, through strengthened information exchange and cooperation in enforcement against misconduct and in supervision of markets and market intermediaries; and
· to exchange information at both global and regional levels on their respective experiences in order to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.
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