On 1 December, the International Council of Securities Associations (ICSA), to which AMAFI belongs, met with Martin Moloney, Secretary General of the International Organization of Securities Commissions (IOSCO). The meeting, which was held virtually because of the health crisis, provided an opportunity to focus on three key concerns for IOSCO, which were discussed at the organisation’s general meeting in November.

In the first place, the participants addressed financial stability challenges, and especially the effectiveness of reforms implemented after the 2008 crisis in responding to the market turmoil of March 2020. Another key concern for IOSCO covered in the meeting was sustainable finance and COP 26's role as a turning point for the financial sector, which is poised to play a central role in the energy transition. The meeting also broached retail-related questions, from the growing influence of social media to the rise of neo-brokers and the need for participants to have sound information to support decision-making. ICSA will hold discussions on these issues in the coming months with a view to contributing to IOSCO's work where possible.