IOSCO sets new standing committee structure as board advances 2027 regulatory agenda
Global securities regulators are sharpening their focus on fast-moving market risks as financial innovation and supervisory challenges reshape capital markets. IOSCO's board says its latest discussions in Madrid cover the 2027 work program, emerging threats to market intermediaries and a committee overhaul taking effect on November 13.
Highlights
- IOSCO board reviewed its 2027 Work Program and Risk Outlook on November 11–12 in Madrid, focusing on AI, tokenisation, and quantum computing risks.
- IOSCO's new standing committee structure, effective November 13, adds dedicated committees for accounting, derivatives, enforcement, retail conduct, and market intermediation.
- Appointments for 2026–2028 committee chairs include regulators from Japan, China, U.S., UK, and others, reinforcing IOSCO's cross-border securities oversight coordination.
Madrid meeting sets 2027 priorities
As IOSCO said after its two-day board meeting in Madrid on November 11 and 12, the board reviewed its 2027 Work Program, the risk landscape outlined in the 2027 Risk Outlook report and broader issues on the global regulatory agenda.Discussions center on the regulatory and supervisory implications of rapid financial innovation in capital markets, including artificial intelligence, tokenisation and quantum computing technology. Board members also examine increasingly sophisticated fraudulent schemes affecting market intermediaries, developments in audit and accounting, and the role of private equity investments in audit firms. The board also considers new initiatives aimed at strengthening capacity building.
The board approves several statements and reports for publication in the coming weeks. Members also exchange views with Erkki Liikanen, chair of the trustees of the IFRS Foundation, on key developments within the foundation.
Committee overhaul takes effect on November 13
A new IOSCO standing committee structure takes effect on November 13, reflecting changes in financial markets and the current global regulatory agenda. The new structure includes committees for accounting, disclosure and auditing; derivatives and secondary markets; enforcement and cooperation; financial education and retail conduct; investment management; wholesale market conduct and intermediation; assessment; emerging risks; and screening, alongside the Financial Stability Engagement Group.Jean-Paul Servais, chair of the IOSCO board, says the meeting makes significant progress on topical issues facing financial markets and congratulates the new chairs, vice-chairs and FSEG co-chairs for the 2026-2028 term. The appointments span regulators from Japan, China, Italy, Quebec, Saudi Arabia, Canada, the UK, Spain, France, Luxembourg, Belgium, Switzerland and the U.S., underlining IOSCO's cross-border coordination role in securities oversight.
We have previously noted the Bank of England’s warning on AI-driven cyber threats and the need for deeper bank recovery planning.