Foundation meant to bolster IOSCO funding gains support

The Emerging Markets Committee of the International Organization of Securities Commissions supports the establishment of a foundation to increase the regulator's funding. The foundation will target donations from the private sector, charitable trusts and other sources. IOSCO Secretary General David Wright has focused on increasing funding to help regulators in emerging markets. "Helping develop emerging markets' securities markets and ensuring that they are fully on board at a decision-making level is fundamentally important to the global economy," Wright said.

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