MUMBAI, INDIA, April 12 /CNW/ - Business Wire served as the News
Distribution Partner of the 32nd Annual Conference of the International
Organization of Securities Commissions (IOSCO), a global gathering of
financial market regulators that was held for the first time in India (April
The Securities Exchange Board of India, which served as host of the
event, appointed Business Wire's licensed affiliate, Business Wire India, as
the communications platform to distribute conference news to the news media
and investors worldwide.
All news announcements originating from IOSCO 2007 are showcased on the
website www.businesswireindia.com. A final communique recapping conference
highlights was issued over Business Wire earlier today.
The International Organization of Securities Commissions (IOSCO) is an
international organization that brings together the regulators of the world's
securities and futures markets. Together with its sister organizations, the
Basel Committee on Banking Supervision and the International Association of
Insurance Supervisors, IOSCO makes up the Joint Forum of international
financial regulators. Currently, IOSCO members regulate more than 90 per cent
of the world's securities markets, including Securities and Exchange Board of
India. There are 109 ordinary members of IOSCO, with 10 Associate and 73
Affiliate members. India is one of the ordinary members as well as a member of
the Executive Committee. SEBI Chairman Mr M Damodaran also chairs the Emerging
Markets Committee for IOSCO.
Anurag Mittal, Business Head for Business Wire India, said "The IOSCO
event being held in India this year underlines the growing importance of India
as a global investment destination. At the same time, it emphasises the
importance of globalisation of capital markets and regulatory systems to
facilitate information flow."
SEBI Chairman M Damodaran commented that, "IOSCO is playing an
increasingly important role in setting high standards for global securities
market. IOSCO is also actively engaged in highlighting areas of contemporary
relevance. The discussion on hedge funds, SME financing and transnational
exchanges is especially topical for emerging markets like India."
Four panel discussions were open to the public. The first panel on
'Securities Exchange Evolution and the Regulation of Transnational Securities
Exchange' was chaired by Mr Michael Prada, chairman of IOSCO Technical
Committee. Mr. Arthur Docters van Leeuwen, chairman of the Netherlands
Authority for the Financial Markets, chaired a panel discussion on 'Accounting
and Auditing - An International Perspective'. Securities and Futures Exchange
(Hong Kong) Chairman Mr Martin Wheatley chaired a public panel discussion on
'Hedge Funds - The New Regulatory Challenges'. A panel focusing on 'Capital
Markets and Economic Development - New Avenues for the Financing of Small and
Medium Size Enterprises' was chaired by Mr. Andrew Sheng, member of the China
Banking Regulatory Commission.
About Business Wire India
Business Wire India is the definitive platform for corporate news
dissemination. Business Wire India is the exclusive Indian affiliate of
Business Wire, a Berkshire Hathaway company. Business Wire India disseminates
full-text corporate news to more than 4,000 media points, a large financial
community, national and international news agencies, managers of corporate
information databases, and information portals, in India and thousands key
media and financial points across the globe. It is also effectively positioned
on the popular search engines, ensuring that the information is easily
accessible to a wider range of information seekers, on a real-time basis. In
recent years, Business Wire India has also actively forayed into news
dissemination in the financial markets, transposing Business Wire's global
experience to India. Business Wire India strongly advocates greater freedom
for the financial markets and need for greater transparency through open
channels of communication, in the corporate sector.
About Business Wire
Business Wire, a Berkshire Hathaway company, is utilized by thousands of
member companies and organizations to transmit their full-text news releases,
regulatory filings, photos and other multimedia content to journalists, news
media, trade publications, institutional and individual investors, financial
information services, regulatory authorities, Internet portals, information
web sites, business-to-business decision-makers and consumers worldwide. With
a news distribution network spanning 150 countries and 45 languages, Business
Wire's multi-channel delivery network has access to some 60 international and
national news agency networks throughout the Americas, Europe, Asia, the
Middle East and Africa.
The Business Wire news network is powered by its patented NX high-speed
data platform and supports XML, XHTML and XBRL code to deliver the most
sophisticated news file to enhance news release interactivity, customization
and search engine optimization. Business Wire has 30 bureaus in cities
including New York, San Francisco, Los Angeles, Chicago, Boston, Miami, Paris,
Frankfurt, London, Brussels, Tokyo and Sydney with reciprocal offices
throughout the world. Business Wire was founded in 1961 by Chairman Lorry I.
Lokey, veteran journalist and public relations executive. Cathy Baron Tamraz
is president and CEO.
For further information:
For further information: Business Wire India Archana Kachru, +91
9873232136 firstname.lastname@example.org or Business Wire Michael