Regulators have thrown their support behind an International Organisation of Securities Commissions (IOSCO) proposal that would expand the level of enforcement-related cooperation and information sharing among regulatory agencies across the globe. Greg Medcraft, current chairman of IOSCO, said the global standard setter was looking to re-write and expand its Multilateral Memorandum of Understanding (MMoU) for enforcement-related cooperation and information sharing. Medcraft, who is also chairman of the Australian Securities and Investments Commission, was speaking at the regulator's Annual Forum in Sydney. Mary Jo White, chair of the US Securities and Exchange Commission (SEC), said the MMoU was critical to effective enforcement. "One of the most important tools in our arsenal is strong cooperation with our counterparts around the world. This is absolutely critical in today’s global markets," White said. She added that fraud and misconduct "does not stop at borders." White said
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