MUSCAT : The Sultanate of Oman, represented by the Financial Services Authority (FSA), took part in the 51st annual meeting of the International Organisation of Securities Commissions (IOSCO), led by Ahmed bin Ali Al Mamari, Executive Vice President of the FSA. The meeting was held virtually and included the annual meetings of the Growth and Emerging Markets Committee (GEMC), as well as the Africa and Middle East Regional Committee (AMERC).
The meeting of the GEMC, considered the largest committee within IOSCO, reviewed several key topics, including ways to advance capital markets in emerging economies, mechanisms to strengthen capacity building, and policies and experiences aimed at improving market efficiency and enhancing global market classifications. Discussions also covered developments in global debt and risks affecting emerging markets, in addition to exchanging the experiences of member states in implementing market development initiatives and improving their positions within global market indices. The GEMC consists of 94 members, including some of the world’s fastest-growing economies and 10 G20 member states.
Meanwhile, the AMERC meeting addressed topics related to the resilience of financial markets amid geopolitical challenges, in addition to reviewing the role of supervisory technology (SupTech) in enhancing financial supervision and oversight practices. The meeting also reviewed the latest trends in the use of advanced technologies and artificial intelligence in regulatory functions, as well as challenges related to data quality, cybersecurity, and technological integration. The AMERC is one of IOSCO’s four regional committees, established to focus on regional issues related to securities regulation across Africa and the Middle East.
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It is worth noting that the IOSCO is the leading global association of securities and futures market regulators. Established in 1983 and headquartered in Madrid, IOSCO develops international standards for market regulation, investor protection, and transparency enhancement. The organisation includes over 200 members overseeing 95% of global financial markets. The Sultanate of Oman has been a member of IOSCO since 2002.
