New global bodies with enforcement powers needed, says Iosco's Wright

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Despite his 33 years and three months at the European Commission (EC) as a career civil servant, David Wright could be summed up as having somewhat of a military bearing. It is apposite then that his title as secretary-general of the International Organization of Securities Commissions (Iosco), the global pan-regulatory body, should convey a dual role – that of an administrator-cum-warrior.

With the emphasis on the ‘general’ part of the description of his responsibilities, it is not hard to