IOSCO Board Elects Leadership for the 2020-2022 Term
The IOSCO Board published details of its newly elected leadership, in addition to the lists of all board members and the Chairs and Vice Chairs of various IOSCO working committees. The IOSCO Board re-elected Ashley Alder, CEO of SFC Hong Kong, as its Chair and Jean-Paul Servais, Chairman of FSMA Belgium, as a Vice Chair. It also elected Heath P. Tarbert, Chairman of the U.S. CFTC, as a new Vice Chair. Earlier this year, the GEM Committee, Regional Committees, and the Affiliate Members Consultative Committee also elected their leadership for the term 2020-2022.
A notification published by the U.S. CFTC points out that Chairman Tarbert is the first CFTC Chairman to be elected to join the leadership of the IOSCO Board since the international standard-setting body was established in 1983. Mr. Tarbet said: “At the CFTC, we strive each day to be the global standard for sound derivatives regulation. I am honored to serve as Vice Chair on IOSCO’s Board, and I look forward to working with my counterparts to foster international cooperation and further IOSCO’s important work of promoting financial stability, market integrity, and investor protection.”
Related Link: Media Release (PDF)
Keywords: International, Americas, US, Securities, Banking, Leadership Changes, IOSCO Board, CFTC, IOSCO
Previous Article
LEI ROC Statement on GLEIF Certification of LEI Mapping ServiceRelated Articles
EBA Launches Stress Tests for Banks, Issues Other Updates
The European Banking Authority (EBA) launched the 2023 European Union (EU)-wide stress test, published annual reports on minimum requirement for own funds and eligible liabilities (MREL) and high earners with data as of December 2021.
EBA Proposes Standards for IRRBB Reporting Under Basel Framework
The European Banking Authority (EBA) proposed implementing technical standards on the interest rate risk in the banking book (IRRBB) reporting requirements, with the comment period ending on May 02, 2023.
FED Issues Further Details on Pilot Climate Scenario Analysis Exercise
The U.S. Federal Reserve Board (FED) set out details of the pilot climate scenario analysis exercise to be conducted among the six largest U.S. bank holding companies.
US Agencies Issue Several Regulatory and Reporting Updates
The Board of Governors of the Federal Reserve System (FED) adopted the final rule on Adjustable Interest Rate (LIBOR) Act.
ECB Issues Multiple Reports and Regulatory Updates for Banks
The European Central Bank (ECB) published an updated list of supervised entities, a report on the supervision of less significant institutions (LSIs), a statement on macro-prudential policy.
HKMA Keeps List of D-SIBs Unchanged, Makes Other Announcements
The Hong Kong Monetary Authority (HKMA) published a circular on the prudential treatment of crypto-asset exposures, an update on the status of transition to new interest rate benchmarks.
EU Issues FAQs on Taxonomy Regulation, Rules Under CRD, FICOD and SFDR
The European Commission (EC) adopted the standards addressing supervisory reporting of risk concentrations and intra-group transactions, benchmarking of internal approaches, and authorization of credit institutions.
CBIRC Revises Measures on Corporate Governance Supervision
The China Banking and Insurance Regulatory Commission (CBIRC) issued rules to manage the risk of off-balance sheet business of commercial banks and rules on corporate governance of financial institutions.
HKMA Publications Address Sustainability Issues in Financial Sector
The Hong Kong Monetary Authority (HKMA) made announcements to address sustainability issues in the financial sector.
EBA Updates Address Basel and NPL Requirements for Banks
The European Banking Authority (EBA) published regulatory standards on identification of a group of connected clients (GCC) as well as updated the lists of identified financial conglomerates.
