41st Annual Conference of IOSCO - Lima, Peru, 8-12 May 2016
Public Documents (Speeches and recordings)
Tuesday 10 May 2016
Regulatory Workshop on Fintech and Innovation hubs
(09:00 to 10:45)
Panellists:
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Mr. Peter Salmon (Moderator)
Senior Director of Operations and Technology, ICI Global
Biography -
Mr. Nehal Vora
Chief Regulatory Officer, Bombay Stock Exchange
Biography and Presentation -
Ms. Anna Wallace (remotely)
Head of UK Innovation Hub, UK Financial Conduct Authority
Biography -
Ms. Rosemary Wang
Deputy Director, Securities and Futures Bureau, Financial Supervisory Commission, Chinese Taipei
Biography -
Ms. Karen Wuertz
Senior Vice President, Strategy and Communications, US National Futures Association
Biography - Workshop Program I
Regulatory Workshop on Audit Quality
(11:15 to 13:00)
Panellists:
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Mr. Gerben Everts (Moderator)
Monitoring Group Chair and Chair of the IOSCO Audit Quality Task Force
Biography -
Ms. Joanna Cound
BlackRock, Head of Government Affairs and Public Policy- Europe
Biography -
Mr. Glenn Fagan
Vice-Chair, Canadian Public Accountability Board
Biography -
Ms. Maria Helena Pettersson
Independent Consultant and PIOB Board Member
Biography - Workshop Program II
- Video recording
Regulatory Workshop on Quality of Data
(14:30 to 16:30)
Panellists:
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Ms. Jennifer Marietta-Westberg (Moderator)
Chair, IOSCO Committee on Emerging Risks
Biography -
Mr. Srinivas Bangarbale
Chief Data Officer, U.S. Commodity Futures Trading Commission
Biography and Presentation -
Mr. Scott O’Malia
Chief Executive Officer, International Swaps & Derivatives Association
Biography -
Mr. Joseph Tracy
LEI ROC Chair, Federal Reserve Bank of New York
Biography and Presentation -
Mr. Helmut Wacket
Head of the Market Integration Division, Directorate General Market Infrastructure and Payments, European Central Bank
Biography and Presentation - Workshop Program III
- Video recording
Wednesday 11 May 2016
Opening Ceremony (14:00 to 15:00)
Speakers:
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Ms. Lillian Rocca
Chair, Superintendencia del Mercado de Valores, Peru
Biography and Speech -
Mr. Greg Medcraft
Chairman, Australian Securities and Investment Commission, Chairman of the IOSCO Board
Biography and Speech -
Mr. Ranjit Ajit Singh
Chairman, Securities Commission of Malaysia and Chairman of the IOSCO Growth and Emerging Markets Committee
Biography -
Mr. Paul Andrews
Secretary General of IOSCO
Biography and Speech - Opening Ceremony Video recording
Keynote Speaker:
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Mr. Christian Laub
Chairman, Lima Stock Exchange, Peru
Biography and Presentation - Keynote Speech Video recording
Panel 1 - New ways for the Financing of Small and Medium Enterprises (SMEs) and the Challenges of Crowdfunding. (15:30 to 17:15)
The economic and social importance of SMEs makes them critical to global innovation, job creation, and long term economic growth. However, SMEs often face limited access to financing, particularly through the securities markets, due to a number of factors, including market size, lack of adequate corporate governance practices and other related risks. To overcome these obstacles, the securities markets must be developed to play a strategic role for SMEs. This will require a number of steps, including developing an appropriate regulatory framework, ensuring transparency in all facets of capital raising and ensuring a high level of investor protection. In this context, the new information technologies that have proliferated in the past few years have given rise to innovative financing and investment techniques such as crowdfunding. This panel will discuss these financing challenges and how mechanisms such as crowdfunding can contribute to long term capital raising by SMEs.
Panellists:
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Ms. Claudia Cooper (Moderator)
Finance Consultant, Peru
Biography -
Mr. Bert Chanetsa
Deputy Executive Officer: Investment Institutions, Financial Services Board, South Africa
Biography and Presentation -
Ms. Maureen Jensen
Chair and Chief Executive Officer, Ontario Securities Commission, Canada
Biography -
Ms. Elisabeth Roegele
Executive Director, Bundesanstalt für Finanzdienstleistungsaufsicht, Germany
Biography -
Ms. Mary Jo White
Chair, Securities and Exchange Commission, United States of America
Biography - Panel 1 Video recording
Thursday 12 May 2016
Panel 2 - Investor Protection and Education - Effective ways for improving Investors’ knowledge and capability (9:00 to 10:45)
Securities markets will only function properly if investors have trust and confidence in intermediaries, market infrastructures and other stakeholders. Building this trust and confidence requires a strong supervisory and regulatory framework, market transparency, and strong investor protection standards. Without these fundamental elements, economic development will likely be stifled. However, it is important to develop effective standards, taking into account local characteristics, particularly when seeking to improve investors’ knowledge and capabilities. Indeed, investor education is essential for market growth and development, and it is a challenge that policymakers must address. This panel will discuss how various countries approach the topic of investor education, what techniques are effective and the lessons learned.
Panellists:
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Mr. Gonzalo Zegarra (Moderator)
Director, Semana Económica, Peru
Biography -
Mr. Ashley Ian Alder
Chief Executive Officer, Securities and Futures Commission, Hong Kong
Biography -
Mr. Adu A. Antwi
General Director, Securities and Exchange Commission, Ghana
Biography -
Mr. Robert W. Dannhauser
Head, Global Capital Markets Policy, CFA Institute
Biography -
Mr. Jose Carlos Doherty
Chief Executive Officer, Brazilian Financial and Capital Markets Association
Biography -
Ms. Elvira Rodriguez
Chair, Comisión Nacional del Mercado de Valores, Spain
Biography - Panel 2 Video recording
Panel 3 – Market Integration - Challenges and benefits for stock exchanges, capital markets and for regulators - what to do and how to do it (11:15 to 13:00)
The globalization of markets and investors’ search for liquidity, market efficiency and lower transaction costs have all helped spur numerous initiatives around the world aimed at integrating stock exchanges and improving market competitiveness. At the same time, however, market integration requires participating exchanges to have the proper technological infrastructure to facilitate trading, adopt the highest standards of transparency and information access, and implement a supervisory program that gives priority to market integrity. This panel will discuss not only the various benefits that come with market integration, but also the challenges and how these challenges are being addressed.
Panellists:
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Mr. Francis Stenning (Moderator)
Chief Executive Officer, Lima Stock Exchange, Peru
Biography -
Mr. José-Oriol Bosch
Chief Executive Officer, Bolsa Mexicana de Valores, Mexico
Biography -
Mr. Jaime González Aguadé
Presidente, Comisión Nacional Bancaria y de Valores, Mexico
Biography -
Mr. Paul Murithi Muthaura
Chief Executive, Capital Markets Authority, Kenya
Biography -
Mr. Stig Nielsen
Director Operational Risk Division, Danish Financial Supervisory Authority, Denmark
Biography -
Mr. Ranjit Ajit Singh
Chairman, Securities Commission, Malaysia
Biography - Panel 3 Video recording
Panel 4 – Risk and challenges faced by Capital Markets regulators and participants. Opportunities and challenges of Fin Tech, including the “blockchain”, their impacts and what the priorities are. (15:00 to 16:45)
The rapid development of new financial technologies has attracted a growing number of investors to the securities markets. It also has given rise to new platforms and other trading venues based on increasingly complex technological systems and trading applications. These new technologies pose fresh risks to investor protection, market transparency, and data and operational security. Regulators need to work closely with exchanges and other market participants to address these challenges and ensure reliable and transparent markets and to safeguard market integrity. Similarly, market participants have become increasing reliant on a new class of financial technologies, e.g., online networks, machine learning/artificial intelligence, big data analytics, and robo-advisors. This panel will discuss the growing risks and challenges of financial technology and the tools and new powers regulators will need to mitigate the potential risks of these new trends while also supporting markets and their participants to reap the potential benefits.
Panellists:
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Ms. Ana Fiorella Carvajal (Moderator)
Lead Securities Markets Specialist, World Bank Group
Biography -
Mr. Leonardo P. Gomes Pereira
Chairman, Comissão de Valores Mobiliários, Brazil
Biography -
Mr. Ryozo Himino
Vice Commissioner for International Affairs, Financial Services Agency, Japan
Biography -
Ms. Tracey McDermott
Acting Chief Executive, Financial Conduct Authority, United Kingdom
Biography -
Mr. David Salamanca
General Director, Financial Regulation Unit, Ministry of Finance and Public Credit, Republic of Colombia
Biography -
Mr. Sergey Shvetsov
First Deputy Governor, The Bank of Russia
Biography - Panel 4 Video recording
Closing Remarks (16:45 to 17:30)
Keynote Speaker:
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Mr. Ricardo Lago
Economist. International Consultant, Spain
Biography and Presentation
Speakers:
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Mr. Greg Medcraft
Chairman, Australian Securities and Investment Commission, Chairman of the IOSCO Board
Biography and Speech -
Ms. Lillian Rocca
Chair, Superintendencia del Mercado de Valores, Perú
Biography and Speech
Handover Ceremony IOSCO 2017 Jamaica (17:30 to 17:45)
Farewell Speech
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Mr. Alonso Segura
Minister of Economy and Finance, Peru - Closing Remarks Video recording
Documents released during the Conference
Media Releases