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Concerning the International Organization of Securities Commissions (IOSCO), consider the following statements:
1. The IOSCO is the international organization that brings together the world's securities regulators, covering more than 95% of the world's securities markets. It is the global standard-setter for the securities sector.
2. It was founded in 2015 and is headquartered in New York.
Which of the statements given above is/are correct?
  • a)
    1 only        
  • b)
    2 only        
  • c)
    Both 1 and 2        
  • d)
    Neither 1 nor 2
Correct answer is option 'A'. Can you explain this answer?
Verified Answer
Concerning the International Organization of Securities Commissions (I...
The International Financial Services Centres Authority (IFSCA) has become an Associate Member of the International Organization of Securities Commissions (IOSCO).
  • The IOSCO is the international organization that brings together the world's securities regulators, covering more than 95% of the world's securities markets. It is the global standard-setter for the securities sector.
  • IOSCO works closely with the G20 and the Financial Stability Board (FSB) in setting up the standards for strengthening the securities markets.
  • FSB has endorsed the IOSCO Objectives and Principles of Securities Regulation as one of the key standards for sound financial systems.
  • It was founded in 1983 and is Headquartered in Madrid, Spain.
Benefits of membership of IOSCO:
  • The IOSCO membership would provide IFSCA with the platform to exchange information at the global and regional levels on areas of common interests.
  • Further, the IOSCO platform would enable IFSCA to learn from the regulators of other well-established financial centres from the experiences and best practices of other well-established financial centres.
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Concerning the International Organization of Securities Commissions (IOSCO), consider the following statements:1. The IOSCO is the international organization that brings together the worlds securities regulators, covering more than 95% of the worlds securities markets. It is the global standard-setter for the securities sector.2. It was founded in 2015 and is headquartered in New York.Which of the statements given above is/are correct?a)1 only b)2only c)Both 1 and 2 d)Neither 1 nor 2Correct answer is option 'A'. Can you explain this answer?
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