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Principles on cross-border supervisory cooperation. July 2010.
The International Organisation of Securities Commissions (IOSCO) has published 18 new Principles on cross-boarder supervisory cooperation. The release of these principles is due to the growing need to strengthen supervisory and monitoring cooperation of different parties in the markets that perform and carry out cross-boarder activities. IOSCO has released principles regarding some of these, both…
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Joint Forum: Revisión de la diferente naturaleza y ámbito de la regulación financiera. Marzo 2010
The Joint Forum (JF), an organisation composed of supervisors from the three financial sectors and under the auspicious of IOSCO, BSBC and IAIS, published the document Different Natures and Scope of Financial Regulation on 9 January 2010. This is the first published document under the G20 requirement about the aforementioned subject. The G20 in April…
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Towards a new supervisory architecture. March 2010
The financial crisis has shown serious flaws in financial supervision: prevention and management of the crisis, cooperation, coordination, and coherence amongst supervisors. In November 2008 the Chair of the European Commission set up a group chaired by Jacques Larosière with the aim of assessing and proposing a new model of financial supervision in Europe. The…
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IOSCO Document on regulation of short selling. March 2010.
The IOSCO Technical committee set up a task force to come up with some principles for the regulation of short selling. IOSCO aim was to give a quick answer to society’s concerns about the impact of short selling in the securities markets at times of high volatility. This working group, called Short Selling Task Force,…
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CESR Document on Short Selling. March 2010.
The discussion on the advantages and drawbacks of short selling transactions in the securities markets has been one of the significant issues of 2009. Different international organisations have analysed this subject. IOSCO published some principles on Short Selling in June 2009 (in the IOSCO label on the top of this page there is a summary…
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IOSCO Principles on Hedge Funds. March 2010.
On 22 June 2009, IOSCO published the document “Principles on the regulation of Hedge Funds”. IOSCO’s proposals are gathered in 6 principles. Most of them are included in the bill of the Alternative Investment Fund Managers Directive (AIFMSs), which is under discussion in the European Union, and in they are also included in the current…
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The new European regulation on Credit Rating Agencies. March 2010
The Regulation of the European Parliament and the European Council on Credit Rating Agencies (CRAs), issued on 16 September 2009, establishes, for the first time in Europe, a specific regulation on these Agencies and imposes an obligatory register system and supervision on them. This Regulation requires the inclusion in a register of any CRA which…
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ESMA’s Final Report on the European Commission mandate on certain aspects relating to retail investor protection. International Bulletin, June 2022.
On 27 July 2021, ESMA received a mandate from the European Commission (EC) requesting technical advice on certain aspects relating to retail investor protection. This request falls within the framework of the Retail Investment Strategy that this European institution is preparing, and which it plans to publish in the coming months, one of the main…
