The International Organization of Securities Commissions (IOSCO) has published two reports:
- Update to the IOSCO peer review of implementation of incentive alignment recommendations for securitisation; and
- Update to the IOSCO peer review of Regulation of money market funds (MMFs).
The reports summarise IOSCO’s ongoing efforts in monitoring implementation of reforms for MMFs and securitisation since IOSCO published its two peer reviews in September 2015. The reports address the progress by IOSCO members in Financial Stability Board jurisdictions in adopting legislation, regulation and other policies in the G20 priority reform areas covering MMFs and securitisation. The reports set out the background, methodology and findings that were reported to the G20 leaders in 2016 and 2017 and were included in the Annual Reports on Implementation and Effects of the G20 Financial Regulatory Reforms.
The securitisation report covers incentive alignment arrangements and disclosure requirements. It finds that overall, progress remains mixed across participating jurisdictions in implementing the recommendations for incentive alignment for securitisation. Three topics are covered in the MMF report – valuation, liquidity management and MMFs that offer a stable net asset value. It finds that most jurisdictions have implemented the fair value approach for the valuation of MMF portfolios, but progress in liquidity management is less advanced and less even.
View Update to the IOSCO peer review of Regulation of money market funds, 3 November 2017