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IOSCO longstanding common conceptual framework
International Organization of Securities Commissions framework for capital requirements for securities firms that take positions as principal, hold client accounts, and/or hold client property. Framework consists of: i) capital adequacy test that reflects liquidity, solvency and risks faced by securities firms; ii) regulatory structure for maintenance of a securities firm's books and records; and iii) framework of regular reporting to, and examination by, a supervisory authority.
Publisher:
Global Standard-Setting Bodies
Release date:
Oct 1989
Type:
Standard
Topics:
Capital adequacy, Risk management, Liquidity risk and rules, Market risk
Sectors:
Securities
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