International Organization of Securities Commissions (Iosco)

Bucking the trend

Ranjit Ajit Singh, managing director of the Securities Commission of Malaysia and Iosco chairman, is a rarity among financial supervisors: he favours market deregulation and the use of more risk management tools such as derivatives. Harry Thompson reports

Iosco blames crisis on rush for yield

Poor incentives, inadequate oversight and a drive for high yield were behind the crisis in the credit market, and securitisation in particular, according to a paper issued today by the International Organisation of Securities Commissions.

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