Social media, influencers and financial fraud in the spotlight of market supervisors
Supervisors from more than 130 jurisdictions met in Madrid on the occasion of the 25th anniversary of IOSCO's headquarters to set their priorities for the coming year and assess the regulatory implications of financial innovation, especially artificial intelligence in capital markets. The debate focused on social media, financial influencers and the rise of fraud. The FSB warned about hedge funds and private credit as possible vulnerabilities.
In 40 seconds
- IOSCO brought together supervisors from more than 130 jurisdictions in Madrid to set priorities and analyze financial innovation and AI in capital markets.
- Supervisors addressed financial fraud and advice from influencers on social media; Hong Kong has secured sanctions and prison sentences against some content creators.
- FSB chair Andrew Bailey flagged hedge funds and private credit as areas of scrutiny for possible market vulnerabilities.
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IASummary generated by artificial intelligence from a story by Cinco Días. It may contain errors: the original source prevails.
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