IOSCO plans to study blockchain technology

Last week, the International Organization of Securities Commissions (IOSCO), the global policy maker for capital markets rules, held a two-day meeting in Madrid. The main discussions at the meeting pointed to the research priorities for the coming year on the risks posed by emerging digital technologies.

IOSCO announced today that they will venture into the disruptive potential of new technologies such as blockchain, robo-advisors and cybersecurity.

IOSCO is a global body that coordinates securities regulators around the world and is considered the global standard setter for the securities sector. Last week, the organization held a two-day meeting in Madrid. The main discussion of the meeting pointed out the research focus for the coming year under the risks posed by emerging digital technologies. Prior to the meeting, several rounds of discussions were held on recent market developments and turbulence in global capital markets, the advantages and disadvantages of distributed ledger technology and the development of financial technology (Fintech). The meeting also focused on digitalization and Fintech around the working report on addressing the challenges posed by cyber risks and the work of the Economic Growth and Emerging Markets Committee.

The organization said previous roundtable discussions were held with cutting-edge market analysts and focused on understanding the impact and risks posed by new financial technologies such as distributed ledger technology.

New disruptive technologies, such as blockchain, are having a huge impact on global capital markets. As IOSCO has indicated, they believe it is time to understand the impact and risks of these new innovations. As automated advice tools are used and regulated in securities markets, regulators around the world are working to study the impact of blockchain.

The International Organization of Securities Commissions (IOSCO) was established in 1983. Eleven securities regulators from North and South America reached an agreement to establish an Americas regional association as an international cooperation organization, and IOSCO was born. Later, regulators from securities regulators from other countries also joined the new organization.

Original article: http://www.newsbtc.com/2016/02/22/iosco-plans-to-research-robo-advisors-and-the-blockchain-technology/
By Nuno Menezes
Compiled by: Kyle
Source (translation): Babbitt Information (http://www.8btc.com/iosco-blockchain)