IBFed responds to IOSCO on the role of securities regulators in systemic risk mitigation -15/07/11

15 Jul 2011

IBFed has given IOSCO its reflection on their discussion paper "Mitigating Systemic Risk - A Role for Securities Regulators".
We expressed our support for the efforts of regulatory authorities to improve their understanding of systemic risk and to strengthen their ability to detect it and devise tools to mitigate it. We also highlighted that each securities regulator should have or contribute to a process to monitor, mitigate and manage systemic risk, appropriate to its mandate.
The IBFed letter is available here.