July 1, 2021/IOSCO

The Board of the International Organization of Securities Commissions (IOSCO) today announced that it has appointed Martin Moloney as its new Secretary General.

IOSCO Board Chair Ashley Alder said, “I am delighted to welcome Martin at this key time in the development of IOSCO’s work. He comes to us with a very strong record as a regulator at a time when IOSCO is playing a key role in the evolution of global financial markets. He is well known to many in the industry and member jurisdictions and will further develop our strong record of dynamic engagement both with industry and our members.”

Martin Moloney said: “I am very honored by the trust placed in me by the IOSCO Board with this appointment. IOSCO has a hugely ambitious agenda of work underway. We will be driving forward to tackle both the environmental and financial stability challenges facing financial markets regulation. At the same time, we will work to ensure that investors continue to be well protected and that member jurisdictions work together to adopt high standards of market integrity.”

Notes to the Editors

·       Martin Moloney succeeds Paul Andrews, who was Secretary General of IOSCO from 2016 to 2020. Martin is appointed under a three-year renewable contract and will take up his post in September 2021.

·       Martin’s previous roles were as Director General of the Jersey Financial Services Commission and, before that, as Special Advisor on Risk and Regulation at the Central Bank of Ireland. He was previously a member of the Board of IOSCO and has been the Chair of the Investment Management Standing Committee of European Securities and Markets Authority or ESMA.

·       IOSCO is the leading international policy forum for securities regulators and is recognized as the global standard setter for securities regulation. The organization’s membership regulates more than 95% of the world’s securities markets in some 130 jurisdictions, and it continues to expand.

·       The IOSCO Board is the governing and standard-setting body of the International Organization of Securities Commissions and is made up of 34 securities regulators. Mr. Ashley Alder, the Chief Executive Officer of the Securities and Futures Commission of Hong Kong, is the Chair of the IOSCO Board. The members of the IOSCO Board are the securities regulatory authorities of Argentina, Australia, Bahamas, Belgium, Brazil, China, Egypt, France, Germany, Hong Kong, India, Ireland, Italy, Japan, Kenya, Korea, Malaysia, Mexico, Morocco, Nigeria, Ontario, Pakistan, Portugal, Quebec, Russia, Saudi Arabia, Singapore, Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States of America (both the U.S. Commodity Futures Trading Commission and U.S. Securities and Exchange Commission). The Chair of the European Securities and Markets Authority and the Chair of IOSCO´s Affiliate Members Consultative Committee are also observers.

·       The Growth and Emerging Markets (GEM) Committee is the largest committee within IOSCO, representing close to 75 per cent of the IOSCO membership, including 10 of the G20 members. Dr. Mohammed Omran, Executive Chairman of the Financial Regulatory Authority, Egypt is Chair of the GEM Committee. The committee brings members from growth and emerging markets together and communicates members’ views and facilitates their contribution across IOSCO and at other global regulatory discussions. The GEM Committee’s strategic priorities are focused, among others, on risks and vulnerabilities assessments, policy and development work affecting emerging markets, and regulatory capacity building.

·       IOSCO aims through its permanent structures:

▪              to cooperate in developing, implementing and promoting internationally recognized and consistent standards of regulation, oversight and enforcement to protect investors, maintain fair, efficient and transparent markets, and seek to address systemic risks;

▪              to enhance investor protection and promote investor confidence in the integrity of securities markets, through strengthened information exchange and cooperation in enforcement against misconduct and in supervision of markets and market intermediaries; and 

▪              to exchange information at both global and regional levels on their respective experiences to assist the development of markets, strengthen market infrastructure and implement appropriate regulation.