Date
26/02/2021
The Board of the International Organization of Securities Commissions (IOSCO) today published its 2021-2022 work program to further its core objectives of protecting investors, maintaining fair, efficient, and transparent markets, and addressing systemic risks. The work program, unlike previous editions, covers a two-year horizon and will be reviewed and refreshed as appropriate at end-2021 to ensure its ongoing relevance.
The 2021-2022 work program encompasses work with respect to two new priorities, namely:
Financial stability and systemic risks of non-bank financial intermediation activities (NBFI); and
Risks exacerbated by the COVID-19 pandemic – misconduct risks, fraud, and operational resilience.
With concerns persisting about COVID-19’s continuing impact on global economic activity and the macro-financial outlook, the 2021-2022 work program calls on IOSCO through these two new priorities to maintain a core focus on critical work underway since
Wolves in fleece jackets: Gen Z faces dark side of Reddit rebellion
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Day trader and freelance writer Will Bennett might not look like a rebel, but he is part of an army of Gen Z retail investors shaping markets and rocking hedge funds.
Bennett, 26, is one of the thousands of younger traders who have banded together in recent weeks to storm the “Bastille of Wall Street”, as he puts it, and put a stop to short sellers preying on companies and retail investors.
Will Bennett helps moderate a popular Facebook trading forum.
Credit:Arsineh Houspian
“The people who run the world are having a taste of their own medicine now,” he says. “It’s not such a closed game any more. It’s the democratisation of the markets.”