The Capital Market Commission became a member of the Financial Stability and Engagement Group (FSEG) of the International Organization of Securities Commissions IOSCO.

FSEG was established in March 2020 with the mission of shaping IOSCO’s approach to financial stability in capital markets, in cooperation with the Financial Stability Board (FSB), international standard-setting bodies and other organizations dealing with financial stability issues. stability.

FSEG members come from the Board of Directors of IOSCO, and mainly work on issues of risks from non-bank financial intermediation (NBFI) activities, with the aim of strengthening cooperation between supervisors to prevent and deal with these risks. The Capital Market Commission, through its President Ms. Lazarakou, participates in the Board of Directors of IOSCO from 2022, as a representative of the European Regional Committee of IOSCO.

The FSEG meeting attended by the President, Mrs. Vasiliki Lazarakou and the Vice-President of the Committee, Ms. Natassa Stamou, was held following the Conference of the Supervisory Authority of the United Kingdom (FCA) for International Markets.

In her speech, Ms. Lazarakou referred to the upward trajectory recorded by the Greek economy, the strong growth rate that exceeds the European average, the recovery of the investment grade by our country, while she analyzed the parameters that make the Greek Capital Market attractive. In addition, he referred to the initiatives of the Capital Market Commission, for the further development of the Greek market, as well as for the restoration of investor confidence, with a series of related actions aimed at reducing bureaucracy and adopting new supervisory practices.

Referring to the importance of international cooperation, the Chairman of the Capital Market Commission presented concrete examples of the benefits arising from international cooperation through IOSCO, such as the approach of Internet service providers in order to prohibit unlicensed ones from advertising that they provide investment services.