Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

AMCC members continue to deepen their contribution to IOSCO work  Join our daily free Newsletter

MENAFN Press - 13/04/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN Press) The Affiliate Member Consultative Committee (AMCC) met in Tokyo this week to further its work on emerging risks, investment funds data, cyber threats and other initiatives in support of the International Organization of Securities Commissions (IOSCO).



The AMCC is comprised of IOSCO affiliate members, which include self-regulatory organizations (SROs), securities exchanges, financial market infrastructures, investor protection funds, and other securities markets regulatory organizations. Last year, it adopted a new strategic direction to strengthen its role as a consultative committee to the securities regulators who account for most of IOSCOs membership. It also changed its name from the SRO Consultative Committee to the AMCC to reflect the diversity of its growing membership.



IOSCO Secretary General David Wright, IOSCO Research Head Werner Bijkerk and representatives from IOSCOs different policy committees discussed their recent work with AMCC members at the meeting on 7 - 8 April in Tokyo. The participants also discussed IOSCOs research projects and its response to the challenges facing global capital markets, underscoring the growing cooperation between IOSCO and its affiliate members.



As market participants, AMCC members offer securities regulators a different perspective on major market developments.



AMCC Chairman Jose Carlos Doherty welcomed the closer collaboration and his committee's greater consultative capacity. He said: "The committee's recent re-organization allows for a continuous exchange of information among members and new work activities through its recently launched newsletter and task forces, strengthening its contribution to IOSCO.



Last year, the AMCC approved three task forces whose activities are closely aligned with IOSCOs research and policy work. They include:



Emerging risk

Investment Funds Dat

Cyber crim



At this week meeting, the AMCCs Ahead of the Curve Panel analyzed the monitoring and supervisory tools used by securities exchanges. It also discussed new developments regarding intermediaries' distribution and trading activities, crowd-funding and funding of small and medium-sized enterprises.



Mr. Wright highlighted the AMCCs growing role as a consultative committee to IOSCO: "As global financial markets shift to market based financing, we expect the AMCC to become more deeply integrated within IOSCOs work and activities, and to increase its contributions to IOSCOs policy priorities and the discussion of IOSCOs 2020 strategic plan.



He also encouraged further work between IOSCO and the AMCC in training and capacity building. These are major IOSCO initiatives aimed at emerging market countries as they develop their securities markets as a vital source of funding for economic growth.



After its meeting, the AMCC hosted its annual Training Session, where it introduced a certificate for participants who completed the three-day program. The seminar addressed current regulatory issues such as cyber-security, crowd funding, social media, high frequency trading, complex products and other challenges to investor protection. It was attended by 89 regulators and self-regulators, representing 25 jurisdictions. Both the AMCC meeting and training program were hosted by the Japan Securities Dealers Association, and the Japan Exchange Group and its regulatory arm, the JPX Regulation


About IOSCO
1.IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation. The organization's membership regulates more than 95% of the world's securities markets in more than 115 jurisdictions and it continues to expand.2.The IOSCO Board is the governing and standard-setting body of the International Organization of Securities Commissions (IOSCO), and is made up of 32 securities regulators Mr Greg Medcraft, chairman of the Australian Securities and Investments Commission, is the chair of the IOSCO Board. The members of the IOSCO Board are the securities regulatory authorities of Argentina, Australia, Belgium, Brazil, Chile, China, France, Germany, Hong Kong, India, Italy, Japan, Korea, Malaysia, Mexico, Morocco, the Netherlands, Nigeria, Ontario, Pakistan, Portugal, Quebec, Romania, Saudi Arabia, Singapore, South Africa, Spain, Switzerland, Trinidad and Tobago, United Kingdom and the United States.3.The Affiliate Members Consultative Committee (AMCC) represents all of IOSCOs Affiliate Members and has a consultative function to the IOSCO Board. For a list of the AMCC members see the IOSCO Website: http://www.iosco.org/lists/display_committees.cfm?cmtid=2 The IOSCO Affiliate Membership is open to SROs, securities exchanges, financial market infrastructures (including clearing and settlement agencies), international bodies other than governmental organizations with an appropriate interest in securities regulation, investor protection funds, and any other body with an appropriate interest in securities regulation that the IOSCO Board may recommend for the purpose of furthering the objectives of the Organization. The IOSCO By-laws were amended by the Presidents Committee at the Annual Meeting in Luxembourg to reflect the new name and revised membership of the AMCC.4.IOSCO aims through its permanent structures: 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. IOSCO, the leading international policy forum for securities regulators, is recognized as the global standard setter for securities regulation. The organization's membership regulates more than 95% of the world's securities markets in 115 jurisdictions and it continues to expand. MEDIA ENQUIRIES Carlta Vitzthum 34 91 787 0419Email: carlta@iosco.orgWebsite: www.iosco.orgFollow IOSCO on Twitter

 


MENAFN Press




  MENA News Headlines
 Sep 20 2014 - Sputtering City bid to keep high-flying Chelsea in checkArab Times
(MENAFN - Arab Times)  LONDON Sept 19 (AFP): Stung by a last-minute defeat in the Champions League Manchester City will attempt to make up ground in the Premier League title race when they host ...

 Sep 20 2014 - Everton return in style Spurs heldArab Times
(MENAFN - Arab Times)  PARIS Sept 19 (AFP): Everton marked their first appearance in Europe since the 2009/2010 season with a 4-1 Europa League win over Wolfsburg while Celtic and Tottenham were ...

 Sep 20 2014 - OCA encouraging Saudi on women athletes: Sheikh AhmadArab Times
(MENAFN - Arab Times)  INCHEON South Korea Sept 19 (AFP): Pop star Psy kicked off the Asian Games 'Gangnam Style' in an energetic K-Pop-fuelled ceremony Friday as North Korean athletes received ...

 Sep 20 2014 - Neeson in action in 'Tombstones'Arab Times
(MENAFN - Arab Times)  LOS ANGELES Sept 19 (Agencies): It's not for nothing that the names of Sam Spade and Philip Marlowe are reverentially referenced in writer-director Scott Frank's ...

 Sep 20 2014 - Indicators of US economy edge '0.2 percent' higher in AugustArab Times
(MENAFN - Arab Times)  WASHINGTON Sept 19 (Agencies): A gauge designed to predict the economy's future health rose in August but at a much slower pace than in July. The Conference Board said ...

 Sep 20 2014 - Omniyat to launch 3 projects worth USD952.7m in DubaiMENAFN
(MENAFN) Omniyat, a leading development group in the Middle East, is set to launch three distinguished mega-projects worth USD952.70 million at Cityscape Global, Khaleej Times reported.The group's ...

 Sep 20 2014 - Egypt awards oil, gas exploration deals worth USD187mMENAFN
(MENAFN) The Egyptian Petroleum Minister said his country has signed oil and gas exploration deals worth USD187 million with some Western companies and a Tunisian firm, Arab News reported.The ...

 Sep 20 2014 - Morocco, Congo discuss maritime transport cooperationMENAFN
(MENAFN) Local media reported that Morocco and Congo are currently holding talks to boost the bilateral relations in the field of maritime transport, QNA reported.In a meeting that joined the ...

 Sep 20 2014 - Denmark tightens asylum laws citing Syrian influxArab News
(MENAFN - Arab News) COPENHAGEN: Denmark said on Friday it would introduce a new temporary type of residence permit for asylum seekers fleeing civil wars such as the Syrian conflict after a huge ...

 Sep 20 2014 - Abbott cites 'chatter' of attacks on govt ParliamentArab News
(MENAFN - Arab News) SYDNEY: Intelligence 'chatter' has revealed that militants plan to attack Australian politicians and government buildings the prime minister said on Friday a day after hundreds ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help