ICSA interim meeting, 10 February 2021

The International Council of Securities Associations (ICSA) met in mid-February with Paul Andrews, Secretary General of the International Organization of Securities Commissions (IOSCO), to discuss IOSCO’s work programme for 2021 and 2022 (link). The meeting was held virtually because of the health crisis.

Priority work areas were discussed, including cryptocurrencies, artificial intelligence and market fragmentation. The meeting also afforded an opportunity to stress the systemic risks connected with services provided by non-bank financial institutions, as well as the ways in which widespread remote-working might affect supervision, fraud detection and operational resilience. Sustainable finance is another major issue for IOSCO, which plans to focus on improving the consistency and comparability of sustainability reporting. With Paul Andrews set to stand down as head of IOSCO at the end of February, participants thanked him for his excellent work and receptive attitude