Jean-Paul Servais, Chairman of the FSMA, has been re-elected Chairman of the Board of IOSCO, the international organisation of financial markets supervisors. He has held this position since 2022 and his new term will be for two years.
The International Organization of Securities Commissions (IOSCO) is currently holding its annual meeting in Athens, where Jean-Paul Servais was re-elected. Before becoming Chairman in 2022, he had been Vice-Chairman of the organisation since 2016.
IOSCO was founded in 1983 and brings together 130 authorities supervising 95% of the world's financial markets. The purpose of the organisation is to promote cooperation between market supervisory authorities and to develop standards and best practices at international level.
Jean-Paul Servais was also re-elected this year as Chairman of IOSCO's European Regional Committee (ERC), one of the organisation's four regional committees. He has held this position since 2014. The European Regional Committee brings together the 52 European members of IOSCO.
After his re-election, Jean-Paul Servais thanked the IOSCO Board for its confidence and looked ahead to his new mandate:
“When I was first elected, I highlighted the importance of moving at pace on priorities such as sustainability disclosures and the crypto-asset market. I am proud to say IOSCO achieved its objectives. Under my second mandate, we will need to persevere including through a focus on implementation of our newly established standards. It is a privilege to serve IOSCO’s Board as its Chair and I am honoured to have been re-elected for a further term. I would like to thank the members of the Board for their confidence and I look forward to continuing our collaboration. The renewal of my mandate as Chairman of IOSCO is also recognition of the quality of FSMA's work and the excellent reputation it enjoys internationally.”
See also the IOSCO press release.