Global Cooperation: the Bedrock of an Effective Enforcement System?

The 39th Annual Conference of the International Organization of Securities Commissions (IOSCO) kicked off earlier this year in Rio de Janeiro, Brazil, from September 28th to October 3rd.  Every year, the Conference brings together IOSCO members – securities regulators from around the world – and is widely regarded as one of the world’s most important financial events for that reason.  One of the themes that featured prominently at this year’s Conference was the enforcement of securities laws and regulations and the key role played by enforcement in regaining investor confidence after the 2008 financial crisis.  The first panel discussion at the Conference was titled “Enforcement - A critical driver to regain investor confidence and keep market stability and growth”, and as the name suggests, was specifically centered on enforcement.