IOSCO report on the protection of client assets. The International Organization of Securities Commissions published the final report on “Recommendations Regarding the Protection of Client Assets,” which seeks to help regulators improve the supervision of intermediaries holding client assets. (1/29/2014) IOSCO press release.
Indonesia signs MMoU. The International Organization of Securities Commissions announced that the Indonesian Financial Services Authority became the 100th signatory to the IOSCO Multilateral Memorandum of Understanding on cooperation and exchange of information. The MMoU is the instrument used by IOSCO to combat cross-border financial services misconduct. (1/24/2014) IOSCO press release.
Basel Committee consults on supervisory colleges. The Basel Committee on Banking Supervision issued a consultative document on “Revised good practice principles for supervisory colleges.” Comments should be submitted by April 18, 2014. (1/23/2014) BIS press release.