IOSCO is keeping a regulatory eye on crowdfunding to ensure investor protection. The alternative finance is a major emerging market projected to hit US$300 billion in coming years.
IOSCO study: Neither market activity nor market exposure changed substantially following post-trade transparency rules.
Global regulators are grappling with a problem of unexpected size — not the number of technical standards they need to transcribe but something more palpable: the lack of manpower.
Need for meaningful reform was underscored recently when several banks were fined for rigging key foreign-exchange benchmarks.
Report recommends improving traditional approach to supervision that currently punishes misconduct without directly benefitting the victims.