SECURITIES REGULATOR: Jean-Paul Servais was elected chairman of the European regional committee of IOSCO, the international organisation of securities commissions, at its annual meeting in Rio de Janeiro last week (29 September).
The organisation has a membership of more than 120 national regulators of financial markets. Its European regional committee has 51 members, who have elected Servais as their chairman for a two-year period.
He thereby becomes a member of the IOSCO board, the organisation’s highest governing body. Servais chairs the Belgian authority for financial services and markets (FSMA) and was re-appointed to that post in September, despite coming in for criticism for not anticipating the economic crisis and for failures of supervision of Dexia.