The Securities and Exchange
Commission has held its first Emerging Markets Conclave with regulator heads
of Brazil, China, South Africa and South Korea.
The emerging market securities leaders discussed challenges faced by growing
securities markets, including balancing an effective regulatory scheme while
promoting capital development.
Dialogue focused on opening communications between the countries to promote
cross-border enforcement, the provision of cross-border services, and present a
unified front in the wake of recent market turmoil.
SEC chairman Christopher Cox said the Conclave presented a historic
opportunity for the Chairs of regulators in emerging markets to discuss working
‘We can discuss how we can work together to protect investors, both in our
own markets and abroad, and maintain a fair and stable global securities market.
The discussion today allowed participants to deepen our already strong
relationship in order to facilitate the increasingly high level of international
cooperation that today’s interconnected markets demand,’ Cox said.
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