IOSCO 32nd Annual Conference

The world’s securities and futures regulators have concluded their meeting in Mumbai, India which took place from April 9-12, 2007 on the occasion of the 32nd Annual Conference of the International Organization of Securities Commissions (IOSCO). The Final Communiqué, available on the IOSCO website, states that the need to progress toward internationally recognized financial reporting standards has been a central issue in the global financial services markets for some time. IOSCO has consistently focused on convergence, implementation and application, through the building of an IOSCO Database that will facilitate the sharing by securities regulators of decisions relating to the enforcement of IFRS.