Let world watchdogs form joint training body: Sebi
23 Nov 2012 4:51 AM IST
Market watchdog Sebi has favoured setting up a separate body for collaboration on research, education, training and technical assistance among the global regulators at their global forum.
The International Organisation of Securities Commissions (IOSCO) said in a statement that the members of its Emerging Markets Committee (EMC) has 'voiced overwhelming support for the proposal to establish an IOSCO Foundation...' This Foundation would be based on three pillars – research, education and training, and technical assistance.
Welcoming the initiative, Securities and Exchange Board of India (Sebi) chairman U K Sinha said that this Foundation 'would go a long way in benefitting the development and effective regulation of securities markets across IOSCO membership in general and emerging markets in particular.' IOSCO said increased funding of research, education and training, and technical assistance activities will be of particular benefit to emerging markets, especially at a time of growing demand for market-based finance and constraints. IOSCO’s emerging market members, including Sebi, met in Santiago de Chile this week and discussed steps for emerging securities markets to play a bigger role in driving global growth.
The International Organisation of Securities Commissions (IOSCO) said in a statement that the members of its Emerging Markets Committee (EMC) has 'voiced overwhelming support for the proposal to establish an IOSCO Foundation...' This Foundation would be based on three pillars – research, education and training, and technical assistance.
Welcoming the initiative, Securities and Exchange Board of India (Sebi) chairman U K Sinha said that this Foundation 'would go a long way in benefitting the development and effective regulation of securities markets across IOSCO membership in general and emerging markets in particular.' IOSCO said increased funding of research, education and training, and technical assistance activities will be of particular benefit to emerging markets, especially at a time of growing demand for market-based finance and constraints. IOSCO’s emerging market members, including Sebi, met in Santiago de Chile this week and discussed steps for emerging securities markets to play a bigger role in driving global growth.
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