The Asia Pacific Regional Committee (APRC) of the International Organization of Securities Commissions (IOSCO) published (on 23 March 2015) a framework strategy (Roadmap) to enhance collaboration and cooperation amongst regulators in the Asia Pacific region. The Roadmap provides APRC’s 29 members with an outline of areas for contributions by regulators in support of the region’s growth and development. These include:
- Regulatory capacity building: extending expertise and assistance to developing markets, strengthening relationships with other regional bodies such as ASEAN (Association of Southeast Asian Nations) and expanding and growing existing regional initiatives
- Strengthening regional cross-border regulatory cooperation: integrating international and regional standards, encouraging cross-border information-sharing and cooperation between financial regulators and promoting a safe and resilient global financial market
- Collectively addressing the impact on Asia Pacific arising from extraterritoriality of European and US financial reform initiatives: continuing communication with non-Asia Pacific regions about the reasons behind the regional differences in market development and regulation, increasing financial stability and sustainability of the region and reducing exposure from volatility caused by capital inflows and outflows
- Strengthening Asia Pacific’s capital markets: supporting national and regional growth by providing funds for infrastructure and mobilising savings more effectively to fund development to support regional economic growth.
The APRC Roadmap is available here.