Regulatory Design
The Global Financial Crisis has demonstrated the limits of debates over privileging rules over principles or vica-versa. Effective regulatory design necessitates a pro-active interaction between rules, principles and social norms in order to determine that stated values actually inform practice. This series examines the impact of the GFC on regulatory design.
ASIC Releases Annual Assessment Report of the ASX Group Licensees
The Australian Securities and Investments Commission's ("ASIC") assessment of the Australian Stock Exchange ("ASX") Group Licensees was used to broadly understand the operational changes that the ASX has made as a result of the transfer of market supervision to ASIC on 1 Aug
Originally Published:
Wednesday, November 23, 2011
ASIC Commences Second Phase of Review of Financial Advice Industry Practice
In stage two of the Australian Securities and Investments Commission's review of the financial advice industry, ASIC intends to provide a questionnaire to 30 of the largest financial service licensees that will include specific questions on licensee business models, training of representatives,
Originally Published:
Wednesday, December 7, 2011
IOSCO Report on the Trading of OTC Derivatives
The International Organisation of Securities Commissions has released a report which analyses the trading of over-the-counter derivatives.
Originally Published:
Friday, February 18, 2011
Implementation of the IOSCO Credit Rating Agencies Principles
The purpose of the report was to evaluate, in light of the 2003 IOSCO Principles Regarding the Activities of Credit Rating Agencies, several of the recent regulatory initiatives that impact or will shortly impact credit rating agencies whose ratings are used for regulatory purposes in multiple juris
Originally Published:
Thursday, February 24, 2011
IOSCO Discussion Paper on Mitigating Systemic Risk
The International Organisation of Securities Commissions has released a paper which aims to promote discussion among regulators on the ways systemic risk comes under their mandates, and to give them insights into how they can identify, monitor, mitigate and manage systemic risk.
Originally Published:
Thursday, February 24, 2011
IOSCO Commodity Derivatives Markets Supervisory Principles
The International Organisation of Securities Commisisons Commodity Derivatives Markets Supervisory Principles, which update and add to the 1997 Tokyo Communiqué, were developed in response to contemporary trends in commodity derivatives markets.
Originally Published:
Thursday, September 15, 2011
Methodology for Assessing Implementation of the IOSCO Objectives and Principles of Securities Regulation
The methodology, which replaces an earlier version from February 2008, is designed to provide the International Organisation of Securities Commission's ("IOSCO") interpretation of the IOSCO Objectives and Principles of Securities Regulation and give guidance on the conduct of a self-a
Originally Published:
Tuesday, October 18, 2011
IOSCO Recommendations to Promote Market Integrity and Efficiency to Mitigate Risks by Technological Developments
The International Organisation for Securities Commissions analyses the most significant technological developments and related micro-structural issues that have arisen in financial markets in recent years, notably high frequency and algorithmic trading, and their impact on market structure, particip
Originally Published:
Thursday, October 20, 2011
IOSCO Recommendations for Developing Efficient Corporate Bond Markets in the Emerging Markets
The International Organisation of Securities Commissions has released a report which makes recommendations to emerging markets regulators in an effort to stimulate growth in corporate bond markets.
Originally Published:
Tuesday, November 15, 2011