On 29 November 2024, the International Organization of Securities Commissions (IOSCO) issued a final report on the evolution in the operation, governance and business models of exchanges. The final report focuses on equity exchanges but may be of relevance to other types of trading venues and trading in other classes of financial instruments.
International Regulators
FSB and Basel Committee publish 2024 G-SIB list and additional information

On 26 November 2024, the Financial Stability Board (FSB) published the 2024 list of global systemically important banks (G-SIBs) and the Basel Committee on Banking Supervision (Basel Committee) published additional information relating to the 2024 G-SIB assessment.
The FSB confirmed that no banks have been removed or added to…
IOSCO publishes report on its Targeted Implementation Review of Principles for the Regulation and Supervision of Commodity Derivatives Markets

On 25 November 2024, the International Organization of Securities Commissions (IOSCO) published a report on its targeted implementation review of five of its “Principles for the Regulation and Supervision of Commodity Derivatives Markets”.
The five principles selected for review (Principles 9, 12, 14, 15, and 16) aim to address excessive commodity market volatility…
IOSCO publishes its Final Report on Post Trade Risk Reduction Services: Sound Practices for Consideration

On 25 November 2024, the International Organization of Securities Commissions (IOSCO) published its Final Report on Post Trade Risk Reduction Services: Sound Practices for Consideration, reflecting the results of IOSCO’s public consultation on the topic, which was launched on 26 January 2024.
IOSCO notes that it continues to follow the evolution…
IOSCO consultation report on pre-hedging
On 21 November 2024, the International Organization of Securities Commissions (IOSCO) issued a consultation report on pre-hedging.
Definition
For the purposes of the consultation report, IOSCO proposes to define pre-hedging as “trading undertaken by a dealer, in compliance with applicable laws and rules, including those governing frontrunning, trading on material non-public information/insider dealing…
FSB report on legal and regulatory challenges to the use of compensation tools
On 20 November 2024, the Financial Stability Board (FSB) issued a report ‘Legal and regulatory challenges to the use of compensation tools’.
The report identifies potential ways to address challenges in the use of compensation tools and follows guidance that the FSB published in 2018 on the use of compensation tools to…
IOSCO unveils new roadmap to enhance retail investor online safety
- Consultation report on Finfluencers. The consultation report explores the evolving landscape of finfluencers, the associated potential benefits and risks, and
Asset managers and investment advisors still not always ask about investors’ sustainability preferences
On 12 November 2024, the Dutch Authority for the Financial Markets (Autoriteit Financiele Markten, AFM) published its Consumer Monitor Investors report (Consumentenmonitor Beleggers). The key message in the report is that not all asset managers and investment advisors comply with the obligation to ask investors about their sustainability preferences. Only 25%…
FSB issues 2024 annual report
- Asset valuations remain elevated.
- Private sector debt and
FSB report on global stability implications of AI
On 14 November 2024, the Financial Stability Board (FSB) issued a report on the financial stability implications of artificial intelligence (AI).
High-level overview
The report provides a high-level overview of recent developments in AI, along with an assessment of their potential financial stability implications. It revisits the 2017 FSB report on…

