FMSB Joins IOSCO

The UK’s Financial Markets Standards Board (FMSB) has joined the International Organization of Securities Commissions (IOSCO) as an affiliate member.

IOSCO is the international body that brings together the world’s securities regulators and is recognised as the global standard setter for the securities sector. It develops, implements and promotes adherence to internationally recognised standards for securities regulation. It works intensively with the G20 and the Financial Stability Board (FSB) on the global regulatory reform agenda.

FMSB says joining IOCSO supports its objectives to identify global vulnerabilities, develop best practice, drive adherence to standards and promote international convergence. Membership helps FMSB to contribute to the work of IOSCO, for example in identifying emerging risks, and informs FMSB’s own standard-setting agenda.

As an affiliate member FMSB joins IOSCO’s affiliate members consultative committee (AMCC), a platform for affiliate members to input into IOSCO’s regulatory policy work, as well as to share insights with each other.
“We have been working increasingly closely with IOSCO on areas of our work producing global, industry-led Standards and Statements of Good Practice,” explains Myles McGuinness, FMSB CEO. “I am pleased to be able to formalise this relationship by becoming an affiliate member, enabling us to build on our existing engagement and contribute to IOSCO’s valuable work on key global market challenges and identifying emerging risks, where FMSB can play a useful role.”