The Technical Committee of the International Organization of Securities Commissions (IOSCO) published a report prepared by the IOSCO Task Force on Commodity Futures Markets, proposing to improve the supervision of commodity markets and global regulatory cooperation. The report recommends improvements that would enhance the supervisory and enforcement powers of futures market regulators and their ability to access information on related commodity markets (such as the cash and over-the-counter derivatives markets) over which they generally do not have authority. On March 5, the Commodity Futures Trading Commission and the Financial Services Authority issued a joint statement in which they welcomed the proposal.