IOSCO ON CROSS BORDER REGULATION AND CREDIBLE DETERRENCE

The International Organisation of Securities Commissions (IOSCO) at its meeting in Sydney in March agreed to establish a task force on cross border regulation and a project on credible deterrence frameworks.

The task force on cross border regulation will develop:

• a “tool box” of measures to help policy makers address the challenges involved in regulating cross border activity: and
• principles to guide the use of these tools including substituted compliance, mutual recognition and supervisory co-operation.

The new mandate to develop principles for credible deterrence frameworks calls for the Committee on Enforcement to identify the core elements of a credible deterrence framework including strategies and good practices, responding to public demand for tougher sanctions to deter market misconduct.

RELATED LINK

http://www.iosco.org/news/pdf/IOSCONEWS273.pdf?v=1