Examples of IOSCO in a sentence
We recommend that the Paper should also explicitly allow for alternative compliance mechanisms that might be submitted for approval to BCBS and IOSCO and/or national regulators in the future.
The legal system set in place by the global regulators (IOSCO, FSB, G-20 and SIFMA) failed to create a proper normative framework for CRAs. This ‘light touch’ regime revealed weaknesses in addressing enforcement concerns.
See IOSCO Technical Committee, ‘Report on the activities of credit rating agencies’ (September 2003) 14.
Unsolicited ratings may discourage new entrants from trying to build up a niche position because CRAs have traditionally been able to take advantage of economies of scale in ways that may inhibit entry for smaller competitors131.The IOSCO Code of Conduct stated that ‘for each rating, the CRA should disclose whether the issuer participated in the rating process; each rating not initiated at the request of the issuer should be identified as such.
The objectives of the IOSCO guidelines are achieved through the Euler Hermes Rating Code of Conduct.