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A delegation from the Securities and Commodities Authority (SCA), led by its chief executive officer H.E. Dr. Maryam Butti Al Suwaidi, took part in the 48th annual meeting of the International Organization of Securities Commissions (IOSCO) hosted by the Thai Securities and Exchange Commission in Bangkok. The meeting brought together an elite group of officials from capital market supervisory agencies and senior financial and economic experts.
“The SCA’s participation in IOSCO’s meetings is part of its efforts to strengthen cooperation and international partnerships and to share information and expertise at the regional and international levels for the purpose of enhancing financial market infrastructure, enacting legislation to fight cross-border financial fraud, and ensuring compliance with the laws and regulations introduced by financial market supervisors,” Dr. Al Suwaidi said.
“Participants at the 48th meeting discussed matters affecting financial market activities at the regulatory and supervisory levels. They reviewed IOSCO’s business, strategic priorities, and initiatives to integrate efforts to bring stability to financial markets, promote sustainable finance, and keep pace with the developments related to crypto assets”.
The delegation participated in the meetings held by the Africa/Middle-East Regional Committee (AMERC), the Growth and Emerging Market (GEM) Committee, the MMoU Monitoring Group, and the Presidents Committee. Members of the delegation also attended the annual conference and its panel discussions held on the sidelines of the annual meeting.
Committee meetings
The AMERC meeting discussed matters related to fintech and sustainable finance. It addressed the latest financial market and legislative developments and reviewed a proposal to sign an MoU that fosters cooperation and the exchange of information among AMERC members to improve supervisory cooperation. The GEM Committee meeting, on the other hand, discussed IOSCO’s efforts in applying the international sustainability standards and enforcing corporate sustainability disclosures.
During the MMoU Monitoring Group’s meeting, the 2022 statistics related to requests for information under the MMoU were reviewed, in addition to IOSCO’s efforts in promoting the role of supervisory agencies. The Presidents Committee discussed matters such as financial stability, sustainable finance, and crypto assets.
About IOSCO
Established in 1983, the International Organization of Securities Commissions seeks to promote cooperation among its member agencies and improve the oversight of securities markets to maintain fair, efficient, and transparent transactions; share information and expertise; and uniform oversight standards. IOSCO is a global standard-setter for the securities markets. Its members include supervisory agencies, the World Bank, the International Monetary Fund, and various monetary and financial institutions. It has more than 200 members, 115 of which are securities supervisors. Its membership regulates more than 95% of the world’s securities markets.
