IOSCO/MR/06/2020
Madrid, 25 March 2020
Members of the International Organization of Securities Commissions, who regulate over 95% of the world’s capital markets, are cooperating closely on their responses to the disruption in capital markets resulting from the macroeconomic impact of COVID-19 on the global economy.
The IOSCO Board is committed to ensuring that capital markets continue to function throughout this difficult period in an open and orderly manner to enable all participants to price and transfer risk across all traded asset classes. Importantly, continued functioning of equity, credit and funding markets supports the efforts of the real economy in dealing with the COVID-19 crisis through access to funding and through the ability to hedge risks. To meet this objective, securities regulators are focused on the operational and financial resilience of market infrastructures, the operational capability of market users, and the continued flow of information to these markets. They are also providing the appropriate regulatory flexibility to help market participants address the challenges posed by COVID-19 while ensuring that market integrity and investor protection principles are maintained.
Article source: https://www.iosco.org/news/pdf/IOSCONEWS559.pdf