International securities regulator IOSCO has announced that its long standing Deputy Secretary General, Tajinder Singh, has been named as acting Secretary General as of today replacing Martin Moloney, who has found another position outside IOSCO.
Tajinder Singh has been with IOSCO since 2010 and has demonstrated exceptional leadership skills on countless occasions. The IOSCO said that Tajinder is best placed to lead the Secretariat and to ensure continuity, also given his deep understanding of IOSCO’s objectives and his broad knowledge of and experience with international standard setting.
Martin Moloney served through a period of great achievements for IOSCO, during which IOSCO gained significant influence as an international standard setter. His understanding of markets and of the asset management industry has been an asset for IOSCO.
IOSCO is the leading international policy forum for securities regulators and the global standard setter for financial markets regulation. It develops, implements and promotes adherence to internationally recognized standards for financial markets regulation and works closely with other international organizations on the global regulatory reform agenda.
The organization’s membership regulates more than 95% of the world’s securities markets in some 130 jurisdictions. By providing high quality technical assistance, education and training, IOSCO supports its members to come together to achieve the following three objectives.
- Enhance investor protection;
- Ensure markets are fair and efficient;
- Promote financial stability by reducing systemic risk.
The IOSCO Board is the governing and standard-setting body of IOSCO and is made up of 35 securities regulators. Mr. Jean-Paul Servais, the Chair of Belgium’s Financial Services and Markets Authority (FSMA), is the Chair of the IOSCO Board.
