Featured Product

    IOSCO Reprioritizes Work Program to Address Impact of COVID-19

    April 08, 2020

    IOSCO agreed to delay some of its work in 2020 to redirect its resources to focus on the multiple challenges securities markets regulators are addressing as a result of the COVID-19 crisis. This decision means that the work priorities outlined in the annual work program for 2020 needed to be reconsidered. Among other things, substantial resources are being devoted to addressing areas of market-based finance that are most exposed to heightened volatility, constrained liquidity, and the potential for procyclicality. These efforts include examining investment funds as well as margin and other risk management aspects of central clearing for financial derivatives and other securities.

    A limited number of other work streams that are close to completion will continue, as will work related to the G-20 deliverables. The timelines for the projects in relation to asset management linked to FSB recommendations will be coordinated with FSB. The work being delayed or paused includes

    • Analysis of the use of artificial intelligence and machine learning by market intermediaries and asset managers
    • The impact of the growth of passive investing and potential conduct-related issues in index provision
    • Issues around market data, outsourcing, and implementation monitoring

    However, IOSCO will continue to proceed with its work on good practices for deference as well as other projects that are near completion ans  will not burden limited regulatory or industry resources. IOSCO will also examine any investor protection issues and market integrity or conduct risks that may arise in the context of the COVID-19 crisis.

     

    Related Link: Press Release (PDF)

     

    Keywords: International, Banking, Securities, COVID-19, Work Program, Artificial Intelligence, Machine Learning, Outsourcing, Derivatives, FSB, IOSCO

    Featured Experts
    Related Articles
    News

    ESAs Issue Multiple Regulatory Updates for Financial Sector Entities

    The three European Supervisory Authorities (ESAs) issued a letter to inform about delay in the Sustainable Finance Disclosure Regulation (SFDR) mandate, along with a Call for Evidence on greenwashing practices.

    November 15, 2022 WebPage Regulatory News
    News

    FSB and NGFS Publish Initial Findings from Climate Scenario Analyses

    The Financial Stability Board (FSB) and the Network for Greening the Financial System (NGFS) published a joint report that outlines the initial findings from climate scenario analyses undertaken by financial authorities to assess climate-related financial risks.

    November 15, 2022 WebPage Regulatory News
    News

    FSB Issues Reports on NBFI and Liquidity in Government Bonds

    The Financial Stability Board (FSB) published a letter intended for the G20 leaders, highlighting the work that it will undertake under the Indian G20 Presidency in 2023 to strengthen resilience of the financial system.

    November 14, 2022 WebPage Regulatory News
    News

    ISSB Makes Announcements at COP27; IASB to Propose IFRS 9 Amendments

    The International Sustainability Standards Board (ISSB) of the IFRS Foundations made several announcements at COP27 and with respect to its work on the sustainability standards.

    November 10, 2022 WebPage Regulatory News
    News

    IOSCO Prioritizes Green Disclosures, Greenwashing, and Carbon Markets

    The International Organization for Securities Commissions (IOSCO), at COP27, outlined the regulatory priorities for sustainability disclosures, mitigation of greenwashing, and promotion of integrity in carbon markets.

    November 09, 2022 WebPage Regulatory News
    News

    EBA Finalizes Methodology for Stress Tests, Issues Other Updates

    The European Banking Authority (EBA) issued a statement in the context of COP27, clarified the operationalization of intermediate EU parent undertakings (IPUs) of third-country groups

    November 09, 2022 WebPage Regulatory News
    News

    EU Finalizes Rules Under Crowdfunding Service Providers Regulation

    The European Union has finalized and published, in the Official Journal of the European Union, a set of 13 Delegated and Implementing Regulations applicable to the European crowdfunding service providers.

    November 08, 2022 WebPage Regulatory News
    News

    OSFI Sets Out Work Priorities and Reporting Updates for Banks

    The Office of the Superintendent of Financial Institutions (OSFI) published an annual report on its activities, a report on forward-looking work.

    November 07, 2022 WebPage Regulatory News
    News

    APRA Finalizes Changes to Capital Framework, Issues Other Updates

    The Australian Prudential Regulation Authority (APRA) finalized amendments to the capital framework, announced a review of the prudential framework for groups.

    November 03, 2022 WebPage Regulatory News
    News

    BIS Hub and Central Banks Conduct CBDC and DeFI Pilots

    The Bank for International Settlements (BIS) Innovation Hubs and several central banks are working together on various central bank digital currency (CBDC) pilots.

    November 03, 2022 WebPage Regulatory News
    RESULTS 1 - 10 OF 8596