Rodrigo Buenaventura has been appointed for a three-year renewable term and will take up his position as Secretary General of IOSCO in the coming weeks, after the finalization of his current mandate as Chair of the Spanish Securities and Markets Commission (CNMV). Tajinder Singh will continue to serve the IOSCO Secretariat as Deputy Secretary General.
IOSCO Board Chair Jean-Paul Servais commented, “It is a great pleasure to welcome Rodrigo as the new Secretary General of IOSCO, where he has been known as an outstanding regulator and leader for many years. In his different roles, including as IOSCO Board Member and as Chair of the IOSCO Sustainable Finance Task Force, Rodrigo has proven excellence in delivering important achievements for IOSCO. His entire career, including his most recent experience as Chairman of the Spanish regulator CNMV, will equip him to guide the General Secretariat in supporting IOSCO’s future work at this important juncture.
On behalf of the entire IOSCO Board, I would like to warmly thank Tajinder Singh, for his excellent work as acting Secretary General since May 2024. We look forward to keep working with Tajinder Singh as Deputy Secretary General.”
Rodrigo Buenaventura said, “I am honoured to be trusted by the Board to lead the General Secretariat of IOSCO, an organization I have been working very closely with for a long time already. I will be privileged to work with the Chair and the IOSCO Board and for all IOSCO members. I will build on my excellent relations with IOSCO’s stakeholders and will ensure that IOSCO continues to deliver on its objectives.”
Background
- Rodrigo Buenaventura is the current Chair of the Spanish Securities and Markets Commission (CNMV). Besides his roles as Member of the IOSCO Board and the Board of Supervisors of ESMA, he serves, among other things, as Chair of the IOSCO Sustainable Finance Task Force, as Vice-chair of the OECD Corporate Governance Committee and as Chair of the ESMA Markets Standing Committee.
- IOSCO is the leading international policy forum for securities regulators and the global standard setting body for financial markets regulation. It develops, implements and promotes adherence to internationally recognized standards for financial markets regulation and works closely with other international organizations on the global regulatory reform agenda.
- The organization's membership regulates more than 95% of the world's securities markets in some 130 jurisdictions. By providing high quality technical assistance, education and training, IOSCO supports its members to come together to achieve the following three objectives:
- enhance investor protection;
- ensure markets are fair and efficient;
- promote financial stability by reducing systemic risk.
- The IOSCO Board is the governing and standard-setting body of IOSCO and is made up of 35 securities regulators. Mr Jean-Paul Servais, the Chair of Belgium’s Financial Services and Markets Authority (FSMA), is the Chair of the IOSCO Board. Mr Shigeru Ariizumi, Vice Minister for International Affairs, Financial Services Agency, Japan, Dr Mohamed Farid Saleh, Executive Chairman of the Financial Regulatory Authority, Egypt, and Mr Rostin Behnam, Chair of the U.S. Commodity Futures Trading Commission, are the Vice-Chairs of the IOSCO Board.
- The Growth and Emerging Markets (GEM) Committee is the largest Committee within IOSCO, representing more than 75% of the IOSCO membership, including ten of the G20 members. Dr Mohamed Farid Saleh, Executive Chairman of the Financial Regulatory Authority, Egypt, is Chair of the GEM Committee. The Committee unites members from four growth and emerging markets and communicates their views at other global regulatory discussions.
