IOSCO and Securities Regulators Coordinate Responses to COVID-19

By Regulatory News

March 25, 2020

Coronavirus, Basel III

IOSCO members are cooperating closely on their responses to the COVID-19-related disruption in capital markets. In addition to hosting regular information-sharing calls with the IOSCO Board and the IOSCO regional committees, IOSCO is coordinating closely with the other standard-setting bodies and FSB, including sharing information on policies and regulatory actions being taken. Banking and securities regulators also continue to cooperate across jurisdictions to ensure adequate liquidity and funding options.

The IOSCO Board is committed to ensuring that capital markets continue to function throughout this difficult period in an open and orderly manner to enable all participants to price and transfer risk across all traded asset classes. Continued functioning of equity, credit, and funding markets supports the efforts of the real economy in dealing with the COVID-19 crisis through access to funding and through the ability to hedge risks. To meet this objective, securities regulators are focused on the operational and financial resilience of market infrastructures, the operational capability of market users, and the continued flow of information to these markets. They are also providing the appropriate regulatory flexibility to help market participants address the challenges posed by COVID-19 while ensuring that market integrity and investor protection principles are maintained.

Related Link: Media Release (PDF)

Keywords: International, Banking, Securities, COVID 19, Operational Resilience, Operational Risk, IOSCO, FSB

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