Earlier this week, the International Organization of Securities Commissions (IOSCO) published its consultation report ‘
Conflicts of interest and associated conduct risks during the debt capital raising process’. The organization is seeking feedback, including comments on the benefits and risks of blockchain in debt capital raising and its potential role in addressing conflicts.
IOSCO is the umbrella body of securities regulators across the world, with members regulating over 95% of the global securities markets. Some of the members of the IOSCO Board include the U.S. Securities Exchange Commission, Australian Securities and Investments Commission, the Securities and Exchange Board of India, Hong Kong’s Securities and Futures Commission and the Monetary Authority of Singapore.
The recent paper discusses problems associated with debt issuance and the conflicts of interest due to the role of intermediaries. IOSCO said it recognizes blockchain as one of the priority technologies in fintech. It created the DLT (distributed ledger technology) workstream to produce a series of papers on the application of blockchain to securities markets.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
