IOSCO chief proposes treaty for global regulatory regime

12/11/2012 | Trade News (U.K.), The · Securities Technology Monitor

An international treaty is in order to establish a regulatory framework needed for increasingly interconnected financial markets, says David Wright, secretary general of the International Organization of Securities Commissions. The goal would not be to impose a single set of rules but to ensure agreed principles are applied consistently across jurisdictions, he says. Wright also predicted that by 2032, there will be 20 capital-market centers worldwide, making legal-entity identification all the more necessary.

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Trade News (U.K.), The · Securities Technology Monitor

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