Paul P. Andrews of FINRA Named IOSCO Secretary General 

The Board of the International Organization of Securities Commissions (IOSCO) today announced it has appointed Paul P. Andrews as its new Secretary General. Mr. Andrews is currently the Vice President and Managing Director of International at the Financial Industry Regulatory Authority (FINRA). He will take up his position at IOSCO for a three-year renewable term in March 2016.

Mr. Andrews succeeds David Wright, who joined IOSCO in March 2012 after 34 years of financial and regulatory policy work at the European Commission.

IOSCO Board Chairman, Greg Medcraft said: ‘On behalf of the Board I look forward to working closely with Paul in achieving our goal of reinforcing IOSCO’s role as key global reference point for securities regulation and implementing our 2020 Strategy.’

At FINRA, Mr. Andrews has sought to establish strong working relationships with regulatory bodies outside of the U.S to improve international cooperation and coordination. He represents FINRA at IOSCO, where he sits on the Regulatory Advisory Committee of IOSCO’s Affiliate Members Consultative Committee (AMCC) and chairs the AMCC Task Force on Risk.

He also serves as the Chair of the International Forum for Investor Education, a global organization dedicated to strengthening resources and standards for investor education within and across jurisdictions

Mr. Andrews said: It’s a privilege to be named to this position and I intend to work with the Board on three key themes: (1) strengthening IOSCO’s position as the international capital markets standards setter; (2) forging greater cooperation among regulators and other standard setting bodies on supervisory and enforcement issues while continuing to assist emerging markets with technical assistance and capacity building; and (3) engaging regulators world-wide to exchange information, discuss issues and approaches to common regulatory challenges, and seek to create global solutions where possible.”

Prior to joining FINRA, Mr. Andrews spent eight years at the U.S. Securities and Exchange Commission (SEC). During that time, he worked in the Division of Market Regulation and the Office of the General Counsel.

David Wright, current IOSCO Secretary General, said: “I wish Paul every success in his new function as Secretary General of IOSCO. He is an excellent choice to take IOSCO forward over the next years.”

Source: IOSCO – Paul P. Andrews of FINRA Named IOSCO Secretary General 

 

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