Financial markets megaregulator
Financial markets megaregulator
CB Joins IOSCO
12.02.2015 17:42 / MIFC
Following the official IOSCO MMoU signing procedure, the Bank of Russia will be assigned ‘A’ List status among IOSCO MMoU members, and can immediately proceed to exchange information as outlined in the document.
By ascending to the memorandum, the Bank of Russia increases its oversight performance, becomes a participant in the drafting of financial market regulation principles and standards, and improves its liaison with foreign financial market regulators.
IOSCO MMoU was drafted in 2002 to enable info exchange among IOSCO securities market regulators and curbing malpractice in the financial market.
IOSCO lists over 120 securities market regulators as its members. The organization develops industry standards and globally recognized approaches in financial market regulation.