IOSCO has reinforced its position as the key global reference point for financial services and markets regulation at its meeting in Toronto. The meeting focused on the following activities:
- identifying and responding through guidance to global market risks;
- providing assistance to IOSCO members; and
- supporting G20 efforts to promote stability in the global financial system.
As part of its ongoing efforts to identify and respond to emerging risks, the Board discussed progress in IOSCO work on asset management and agreed to publish a report on liquidity risk management in collective investment schemes. It further decided to conduct work on enhancing collection of data about asset management activity and considered developing guidance on liquidity risk management beyond its 2013 principles, including on stress testing. (Source: IOSCO Reinforces Markets Position)