IOSCO official sees need for worldwide regulator

11/1/2013 | (subscription required)

Leaders should create a global regulator to handle fragmentation, extraterritoriality and cross-border regulation, says Tajinder Singh, deputy general of the International Organisation of Securities Commissions. "In order to tackle fragmentation, what is needed is a global institutional framework possibly established by international treaty that has enforcement authority, binding dispute-resolution settlement and sanction-enforcement capabilities," Singh said.

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