Regulators Call For More International Cooperation

This article appears courtesey of Institutional Investor

Source: Compliance Reporter

S.K.

International regulators on Thursday said they need to work harder to cooperate on cross-border enforcement and regulatory oversight. In particular information sharing and coordination of enforcement investigations were highlighted as essential. Roel Campos, commissioner at the Securities and Exchange Commission, said, for example, International Organization of Securities Commissions standards on corporate governance oversight are a good step that international regulators should embrace.

At an International Organization of Securities Commissions conference in Frankfurt, Germany, regulators said IOSCO’s memorandum of understanding that lifts information-sharing restrictions could aid enforcement.