Representing financial market professionals based in France

IOSCO Annual Meeting and ICSA meetings, 9-18 November 2020

The annual general meeting of the International Organization of Securities Commissions (IOSCO) was replaced by a series of virtual meetings because of the Covid-19 pandemic.

The International Council of Securities Associations (ICSA) and ICI Global, an international association representing investment funds, organised a number of virtual bilateral meetings between the finance industry and international and European regulators.

Key regulatory topics broached during the meetings included issues relating to the impact of Covid-19 on the functioning of financial markets and especially the resilience of non-bank financial institutions (NBFIs), in the light of recent Financial Stability Board (FSB) reports. Increased FSB/IOSCO collaboration was another major topic of discussion, particularly regarding the current work on NBFIs. The meetings also covered Europe’s regulatory agenda, the Capital Markets Union reboot, the importance of improving supervisory convergence, plus sustainable finance and the challenges of implementing a European taxonomy.