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[THE INVESTOR] Having increased its presence in a global financial advisory organization, Korea hopes to have a bigger say in setting international rules and standards, the financial regulators said July 5.
Early this month, the Financial Services Commission and the Financial Supervisory Service acquired membership in the Committee1 under the International Organization of Securities Commissions (IOSCO) “to make its voice heard” in setting international rules and standards involving accounting, auditing and public disclosure, FSS official Seok Joon-won in charge of the matter said.
C1 is one of IOSCO’s eight policy committees focusing on regulation policies.
“The FSC and the FSS have members in four policy committees -- C2, C3, C4 and C6 -- actively participating in policy discussions for circulation markets of financial products, market survey, information exchanges and credit rating companies,” the official said.
IOSCO is one of the world’s three biggest financial advisory groups together with the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors.
(theinvestor@heraldcorp.com)
Early this month, the Financial Services Commission and the Financial Supervisory Service acquired membership in the Committee1 under the International Organization of Securities Commissions (IOSCO) “to make its voice heard” in setting international rules and standards involving accounting, auditing and public disclosure, FSS official Seok Joon-won in charge of the matter said.
C1 is one of IOSCO’s eight policy committees focusing on regulation policies.
“The FSC and the FSS have members in four policy committees -- C2, C3, C4 and C6 -- actively participating in policy discussions for circulation markets of financial products, market survey, information exchanges and credit rating companies,” the official said.
IOSCO is one of the world’s three biggest financial advisory groups together with the Basel Committee on Banking Supervision and the International Association of Insurance Supervisors.
(theinvestor@heraldcorp.com)
