Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZ Takes Its Place On World Regulatory Stage

14 June 2002

New Zealand Takes Its Place On World Regulatory Stage – Elected To IOSCO Executive Committee

New Zealand was one of nine countries elected to the governing body of the International Organisation of Securities Commissions (IOSCO) at its recent world conference. IOSCO has 170 members and affiliate members.

“This is a very prestigious appointment and we are proud of this achievement,” Commission Chairman Jane Diplock said. “It is important international recognition of New Zealand as an increasingly well regulated market and one suitable for international investment.”

The Executive Committee is dealing with major matters arising from 11 September 2001 and the need for increased international cooperation and information sharing in the fight against international terrorism. It is promoting a multilateral Memorandum of Understanding with all IOSCO member countries.

The Committee is also dealing with the implications of the ENRON collapse and issues relating to the independence of analyst reports arising from the Merrill Lynch decision in the United States. Accounting and auditing standards, and the demutualisation of stock exchanges are also on the IOSCO Executive Committee’s agenda.

“Election to this international committee means that we will take an active part at a world level in addressing these important regulatory issues,” Jane Diplock said, “With the globalisation of world capital markets, these issues are increasingly important here in New Zealand.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


CO2 And Water: Fonterra's Environment Plans

Federated Farmers support Fonterra’s bold push to get to zero emissions of CO2 on the manufacturing side of the Co-operative, both in New Zealand and across its global network. More>>


Fisheries: Decision To Delay Monitoring ‘Fatally Flawed’

Conservation group representatives say a decision by the new Minister of Fisheries, Stuart Nash, to delay implementation of camera monitoring of fishing efforts in New Zealand is ‘fatally flawed’. More>>


Kaikōura Quakes: One Year On

State Highway One and the railway were blocked by damage and slips and the Inland Road suffered significant damage. Farms, homes and businesses suffered building and land damage. Power and internet went down, drinking water systems, sewage systems and local roads were all badly affected... More>>