IOSCO restates commitment to investor protection

The International Organisation of Securities Commissions, IOSCO has said it is committed to maintain investor confi dence in all its jurisdictions by ensuring that investors are protected in its regulations. The Chairman IOSCO board, Mr. Ashley Alder made this remarks yesterday at the official Opening ceremony of the 43rd Annual Conference in Budapest, Hungary. Alder said the job of securities regulators is to work with the industry to recognise the present realities and address the problem of risk in order to ensure that the investor is well protected.
He said “The role of the securities regulator is becoming increasingly vital, particularly post the 2008 global financial crisis “Our mission is that regardless of technological change, regardless of policy shift, our job is to maintain confidence so the financial system continues to deliver value to the public”.
On Financial Technology, (FinTech), Alder said the opportunities loom large, hence the organisation needs to explore regulatory response on risk around FinTech.
In his remarks, Secretary General of IOSCO, Paul Andrews disclosed that the organisation is committed to investor protection, fair and efficient markets as well as systemic risk reduction adding that IOSCO must be at the forefront of issues that affect capital market operators.

 

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