- Greater international coordination for the oversight of credit rating agencies; and
- Market participants responsible for retail clients. The TC members expect investment managers to carry out appropriate due diligence procedures in order to properly understand the risks associated with any products in which they are intending to invest their clients’ funds, and the TC has an active workstream on this topic. The TC expects to publish its findings and recommendations in the next months.
National securities regulators must continue to focus on ensuring that the infrastructure of their financial markets are in robust condition and have the capacity to continue to operate in an orderly fashion, allowing market participants to continue to meet obligations to their customers.
Other work on firm risk management, prudential supervision and valuation and accounting continues to be a priority. The results of these workstreams will contribute to the development of new regulatory standards for global markets.
