The term "IOSCO" is spelled phonetically as /aɪˈɒskoʊ/. This is a term used in the field of international finance, and it stands for the International Organization of Securities Commissions. The spelling of the word is a combination of the individual letters I, O, S, C, and O, which represent the words in the organization's name. The IPA phonetic transcription explains that the first syllable is pronounced like "eye," the second syllable is "oss," and the last syllable is "koh." Together, they form the recognizable name "IOSCO."
The International Organization of Securities Commissions (IOSCO) is an international body that acts as a global standard setter for securities markets regulation. It was established in 1983 and is headquartered in Madrid, Spain.
IOSCO's primary objective is to promote investor protection, fair and efficient markets, and the stability of securities markets. It brings together regulators and industry stakeholders from around the world to collaborate on developing and implementing regulatory policies and standards. IOSCO's membership currently includes over 120 securities regulators from more than 100 countries, representing over 95% of the world's securities markets.
IOSCO plays a crucial role in developing and promoting regulatory standards in various areas such as disclosure and financial reporting, market intermediaries, investor education and protection, market surveillance and enforcement, and market infrastructure. It provides a platform for regulators to exchange information, share best practices, and cooperate on cross-border enforcement matters.
The organization also works towards fostering global convergence of regulatory standards, recognizing the need for consistent and harmonized rules in an increasingly interconnected and globalized financial system. IOSCO develops principles and recommendations that serve as guidance for its members to enhance the regulation and supervision of securities markets.
As a widely recognized and respected international organization, IOSCO acts as a forum for policymakers and regulators to address emerging challenges and risks in the global financial system, and to promote effective and consistent regulatory oversight of securities markets worldwide.