IOSCO pushes back against over-regulation of asset managers

Reuters: Market watchdogs fight back against central banks, June 22, 2015

“We don’t regulate markets like we regulate banks,” said Greg Medcraft, chairman of the global markets regulatory body IOSCO.

“It is like creating a square peg for a round hole.”

IOSCO, an FSB member, slammed the brakes on a proposal from the FSB to regulate the world’s biggest asset managers, an area traditionally under market supervisors.

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