Iosco-SEC spat dims hopes of new regulatory framework
SEC slaps down Iosco report, undermining hopes for a new approach to cross-border regulation
A spat between the International Organization of Securities Commissions (Iosco) and the US Securities and Exchange Commission (SEC) is prompting fresh debate about whether Iosco would be able to take on a more influential role - as its supporters would like.
Iosco itself has argued for global standard-setters to be given more responsibility - including enforcement as well as policy-making - but the prospects for that look dimmer after the SEC this week rejected an Iosco report, Suitability
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