The Emerging Markets Committee of the world’s umbrella body of securities regulators has backed the development of a foundation to bolster its funding, as the body looks to scale up its research, education and training and technical assistance functions.

Iosco acts as a forum for cross-border discussions between global regulators. Its work has taken on a new centrality post-crisis, with the G20 group of nations keen to use the body as a vehicle for harmonising post-crisis reforms of the securities markets.