Former European Commission heavyweight David Wright has been selected as the next secretary general of the International Organisation of Securities Commissions (IOSCO).
In 34 years at the highest levels of the Commission, Wright drove the integration of the European Union’s financial services and capital markets, serving key roles in designing and brokering major European securities legislation such as MIFID and the Transparency, Prospectus and Market Abuse directives.
“David comes to IOSCO with an extensive background in European and international regulatory and political policy through his various leading roles at the European Commission,” said Maria Helena Santana, chairperson of the executive committee of IOSCO. “I believe that this experience will be an important asset in leading the general secretariat’s work in helping to deliver IOSCO’s strategic priorities of organisational reform, supporting capacity building, widening technical assistance and contributing to global regulatory reform.”
Wright was a senior advisor to the European Commission during the current financial crisis and has recently served as a member of the Commission’s task force on Greece, which is helping define and deliver technical assistance to Greece.
“I am honoured to have been selected as IOSCO’s next secretary general, and look forward to leading the secretariat in supporting the organisation in delivering its strategic priorities,” Wright said.
In February last year, IOSCO’s technical committee outlined seven principles for platforms that will eventually trade OTC derivatives on-exchange as per the G20’s mandate, implemented in Europe via the European market infrastructure regulation.