New Iosco chair launches cross-border taskforce

Greg Medcraft took over as chair of the International Organization of Securities Commissions in March, alongside his role as chairman of the Australian Securities and Investments Commission. He talks to Luke Clancy about his priorities for both roles

The dream was to create a globally consistent set of regulations that would ensure all standardised over-the-counter derivatives are cleared through central counterparties and reported to trade repositories. The reality is very different. Market participants have become increasingly concerned about the fragmentation of global standards - and the attempts by some domestic regulators to apply their