Israel Securities Authority to assess peers

ISA to evaluate performance of financial regulators from around the world.

By NADAV SHEMER
April 16, 2012 22:47
1 minute read.
Haim Shani and Shmuel Hauser

Haim Shani and Shmuel Hauser 390. (photo credit: Kfir Sivan)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

The Israel Securities Authority will be called upon to evaluate the performance of financial regulators from around the world, following its appointment to the International Organization of Securities Commissions’ new 24-member assessment committee on Monday.

The US, UK, Australia and Japan were among the other countries selected to the committee, which will assess whether member bodies fulfill international standards and implement the IOSCO’s 38 key principles.

Be the first to know - Join our Facebook page.


The committee was established upon the recommendation of the Financial Stability Board, an international body operated by the G-20 major economic and European Commission that monitors the global financial system.

ISA Chairman Shmuel Hauser called the selection a “mark of honor,” saying it reflected international recognition of the quality of the supervision the authority conducts in Israel.

As the roof body for securities commissions and financial regulators, the IOSCO has 115 full members, 11 associate members and 68 affiliate members. Several of the full members which the ISA could potentially help assess are from countries which do not fully recognize Israel – including Algeria, Malaysia, Oman, Pakistan and Saudi Arabia.

This is not the first time Israel has received recognition from the body. In 2009, IOSCO brought members of its President’s Committee and regulators and business leaders from around the world to Tel Aviv for its annual conference.

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS