Spain CNMV Chair Rodrigo Buenaventura appointed IOSCO Secretary General
Tajinder Singh will continue to serve the IOSCO Secretariat as Deputy Secretary General.
Tajinder Singh will continue to serve the IOSCO Secretariat as Deputy Secretary General.
Jean-Paul Servais also serves as Chair of Belgium’s Financial Services and Markets Authority (FSMA).
Tajinder Singh has been with IOSCO since 2010, serving as Deputy Secretary General.
The nine IOSCO Policy Recommendations aim to address market integrity and investor protection concerns arising from DeFi.
The IOSCO has now released its Final Report with Policy Recommendations for Crypto and Digital Asset (CDA) Markets.
The IOSCO has opened a public consultation and aims to finalise its DeFi recommendations around the end of 2023.
The recommendations do not cover activities, products or services provided in the so-called “decentralized finance” or “DeFi” area.
The guidance applies “same risk, same regulation” to systemically important stablecoin arrangements that are used for payments.
There was a broad and rapid increase in margin calls across the financial system in March 2020 in the face of market turmoil and volatility.
The Principles for Financial Market Infrastructures (PFMI) apply to systemically important stablecoin arrangements.