A speech by Greg Medcraft, Chairman, Australian Securities and Investments Commission to the Australian Securitisation Forum Annual Conference, 11 November 2014
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I’ve been invited to speak to you today as Chairman of the International Organization of Securities Commissions (IOSCO).
In that capacity, I want to discuss three main topics:
- IOSCO and its role in financial regulation
- IOSCO’s work on securitisation since the global financial crisis – here I will focus on the reports we released in 2009 and 2012, and
- IOSCO’s current work with the Basel Committee on Banking Supervision (Basel Committee). Here I’d like to provide:
- background on why we are working with the Basel Committee on securitisation, and
- details on an upcoming consultation paper we are releasing to help improve investor trust and confidence in securitisation transactions.