Masamichi Kono to lead IOSCO’s new board
18 May 2012 Bejing
Image: Shutterstock
Masamichi Kono is to be the new chairman of The International Organization of Securities Commissions (IOSCO) board.
Kono indicated he would step down from the position in March 2013, with Greg Medcraft, chairman of the Australian Securities & Investment Commission (ASIC), taking over until he too steps down at the IOSCO Annual Conference in September 2014 in Rio de Janeiro.
The board also appointed two vice chairs: Vedat Akgiray, chairman of the capital markets board of Turkey, and Ethiopis Tafara, the director of the Office of International Affairs at the US SEC.
As part of a streamlining of IOSCO’s organizational structure, the new board was established through a three-way merger of IOSCO’s technical committee, the executive committee and the emerging markets committee advisory board.
Kono indicated he would step down from the position in March 2013, with Greg Medcraft, chairman of the Australian Securities & Investment Commission (ASIC), taking over until he too steps down at the IOSCO Annual Conference in September 2014 in Rio de Janeiro.
The board also appointed two vice chairs: Vedat Akgiray, chairman of the capital markets board of Turkey, and Ethiopis Tafara, the director of the Office of International Affairs at the US SEC.
As part of a streamlining of IOSCO’s organizational structure, the new board was established through a three-way merger of IOSCO’s technical committee, the executive committee and the emerging markets committee advisory board.
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