IOSCO will address emerging risks from sustainable and digital finance... will review standards developed by the ISSB to determine whether they can be endorsed as a global framework for sustainability related corporate disclosures. IOSCO will also move on crypto-asset markets and activities.
The Board of the International Organization of Securities Commissions (IOSCO) today published the 2023-2024 Work Program to further its core objectives of protecting investors, maintaining fair, efficient and transparent markets, and addressing systemic risks. The work program, like the previous edition, covers a two-year horizon and will be reviewed and refreshed, as appropriate, at end-2023 to ensure its ongoing relevance.
Jean-Paul Servais, Chair of the IOSCO Board, said: “I am pleased to present, as IOSCO Board Chair, IOSCO’s 2023-2024 work plan. In this period, IOSCO will deliver, among other things, on its priorities to address emerging risks arising from sustainable and digital finance. In 2023, IOSCO will review the first set of standards developed by the IFRS International Sustainability Standards Board (ISSB) to determine whether they can be endorsed as a global framework for sustainability related corporate disclosures. IOSCO will also move at pace with its policy-focused work on crypto-asset markets and activities. IOSCO’s priorities continue to include strengthening financial resilience by addressing the pre-identified vulnerabilities in the Non-Bank Financial Intermediation sector, in tandem with the FSB. IOSCO will also keep monitoring recent market developments from the perspectives of investor protection, orderly markets and financial stability in financial markets.”
Martin Moloney, IOSCO Secretary General, said: “We will also turn our attention to increasing the level of support we provide to regulators around the world to encourage and support strong standards of securities supervision. This kind of ambitious workplan, with tight delivery deadlines, requires a
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lot from our members who continue to provide substantial resources to get all this work done. Increasing collaboration with other international bodies is also a strong feature of our ambition.”
The 2023-2024 work program builds on ongoing priorities identified in the 2021-2022 Work Program, the internal workplans of the Board-level Financial Stability Engagement Group (FSEG) and Board-Taskforces, selected sectoral initiatives of IOSCO Board Committees, as well as new workstreams to emerge from Board discussions on the prioritization of IOSCO work.
The workstreams in this Work Program are organized under the following five themes:
1.Strengthening Financial Resilience
2.Supporting Market Effectiveness
3.Protecting Investors
4.Addressing New Risks in Sustainability and Fintech
5.Promoting Regulatory Cooperation and Effectiveness
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