The International Organization of Securities Commissions (IOSCO) today re-elected Mr. Greg Medcraft as Chairman of the IOSCO Board. Mr. Medcraft was re-elected at the inaugural meeting of the newly constituted Board, during the IOSCO Annual Conference in Rio de Janeiro.
The Board re-elected Mr. Howard Wetson, Chair of the Ontario Securities Commission, as its Vice Chair. Mr. Ranjit Singh, who was re-elected Chair of the IOSCO Growth and Emerging Market (GEM) Committee on Monday, continues ex officio as Board Vice Chair. Mr. Singh is also the Chair of the Securities Commission Malaysia.
Mr. Medcraft said he was committed to working with the Board “with a clear focus on our work in building trust and confidence in the global markets we regulate.”
Mr. Leonardo P. Gomes Pereira, Chairman of the Comissão de Valores Mobiliários of Brazil, was re-elected as a Vice Chair of the GEM Committee. He joins Mr. Bert Chanetsa of the South African Financial Services Board, who was re-elected as GEM Committee Vice Chair. All appointments are for a two-year term.
Mr. Medcraft is Chairman of the Australian Securities & Investment Commission (ASIC). He assumed the position of IOSCO Chair in March 2013, one year after the organization created its first Board through a three-way merger of the IOSCO Technical Committee, the Executive Committee and the Emerging Markets Committee Advisory Board. The move was aimed at streamlining IOSCO’s organizational structure over a two-year transitional period.
The new Board constituted this week in Rio de Janeiro has 34 members-- two more than the previous Board—and better represents the geographical diversity of IOSCO’s membership. Its constitution marks the end of the transitional period that began with the creation of the first Board in 2012.
Composition of the IOSCO Board 2014-2016
Australia: Australian Securities and Investment Commission (ASIC);
Belgium: Financial Services and Markets Authority
Brazil: Comissão de Valores Mobiliários (CVM);
China: China Securities Regulatory Commission (CSRC);
Egypt Egyptian Financial Supervisory Authority
France Autorité des marchés financiers (AMF);
Germany Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin);
Greece Hellenic Republic Capital Market Commission
Hong Kong Securities and Futures Commission (SFC);
India Securities and Exchange Board of India (SEBI);
Italy Commissione Nazionale per le Società e la Borsa (CONSOB);
Japan Financial Services Agency (FSA);
Kenya Capital Market Authority
Malaysia Securities Commission
Mexico Comisión Nacional Bancaria y de Valores
The Netherlands The Netherlands Authority for the Financial Markets (AFM);
Nigeria Securities and Exchange Commission
Ontario Ontario Securities Commission
Pakistan Securities and Exchange Commission
Peru Superintendencia del Mercado de Valores
Quebec Autorité des marchés financiers (AMF)
Saudi Arabia Capital Market Authority
South Africa Financial Stability Board
South Korea Financial Services Commission/Financial Supervisory Service (FSC/FSS);
Singapore Monetary Authority Singapore
Spain Comisión Nacional del Mercado de Valores (CNMV);
Switzerland Swiss Financial Market Supervisory Authority (FINMA);
Sweden Finansinspektionen
Thailand Securities and Exchange Commission
Trinidad & Tobago Trinidad & Tobago Securities and Exchange Commission
Turkey Capital Markets Board
United Kingdom Financial Conduct Authority (FCA);
United States Securities and Exchange Commission (SEC), Commodity Futures Trading Commission (CFTC).
Observers:
Chair of the IOSCO Affiliate Members Consultative Committee
European Securities Markets Authority
