International securities regulator IOSCO has announced that its long-serving Deputy Secretary-General, Tajinder Singh, has been appointed as Deputy Secretary-General effective today, replacing Martin Moloney, who has found another position outside of IOSCO.
Tajinder Singh has been with IOSCO since 2010 and has demonstrated exceptional leadership skills on countless occasions. IOSCO said Tajinder is best placed to lead the Secretariat and ensure continuity, also given his deep understanding of IOSCO’s objectives and his extensive knowledge and experience with international standard setting.
Martin Moloney served during a period of great achievement for IOSCO, during which IOSCO gained significant influence as an international standards setter. His understanding of the markets and the asset management industry has been an asset to IOSCO.
IOSCO is the leading international policy forum for securities regulators and the global standard setter for the regulation of financial markets. It develops, implements and promotes adherence to internationally recognized standards for the regulation of financial markets and works closely with other international organizations as part of the global regulatory reform agenda.
The organization’s members regulate more than 95% of the world’s securities markets in approximately 130 jurisdictions. By providing high quality technical assistance, education and training, IOSCO supports its members to come together to achieve the following three objectives.
- Improving investor protection.
- Ensuring markets are fair and efficient.
- Promoting financial stability by reducing systemic risk.
The IOSCO Council is IOSCO’s governing and standard-setting body and consists of 35 securities regulators. Mr. Jean-Paul Servais, President of the Financial Services and Markets Authority of Belgium (FSMA), is the Chairman of the Board of IOSCO.