The International Organization of Securities Commissions has published a press release "Emerging market regulators emphasised the need for stronger voice in shaping global regulatory reform to reflect emerging markets’ position".

This press release has been issued following a recent meeting global market securities regulators in Panama City from 21 – 23 May. IOSCO has renamed the Emerging Markets Committee as the Growth and Emerging Markets Committee (GEM) to better reflect the nature of the markets in which its members operate.

The GEM Committee will seek to provide greater focus towards balancing growth and implementation of regulation, including looking at greater inclusiveness, strengthening channels of communication and developing greater regulatory capacity for emerging markets.