IOSCO Reinforces Standard on Cross-Border Cooperation

The International Organization of Securities Commissions (IOSCO) adopted measures to encourage non-signatory members to sign the IOSCO Multilateral Memorandum of Understanding on cooperation and exchange of information. The MMoU is the instrument used by securities regulators around the world to fight the cross-border financial services misconduct that can weaken global markets and undermine investor confidence. IOSCO approved a resolution that calls for gradually restricting opportunities of non-signatory members to influence key IOSCO decisions.

Originally Published: 
18/09/2013