CEO of the World Federation of Exchanges re-elected to 4th term as Vice Chair of IOSCO’s AMCC

 

PRESS RELEASE

CEO of the World Federation of Exchanges re-elected to 4th term as Vice Chair of IOSCO’s AMCC

London, 4 June 2024 – The World Federation of Exchanges (the global industry association for exchanges and clearing houses) is pleased to announce the re-election of its CEO, Nandini Sukumar, to the position of Vice Chair of the International Organization of Securities Commission’s (IOSCO) Affiliate Members’ Consultative Committee (AMCC). 

The AMCC comprises 68 IOSCO affiliate members, including exchanges, market intermediaries, and other financial institutions and bodies with an interest in securities regulation. The committee’s objectives are to share experiences and enhance co-operation among its members.

Ms. Sukumar's re-appointment marks her fourth consecutive term in this crucial leadership role within the IOSCO framework. Exchanges and CCPs are central and neutral pieces of infrastructure, so observe and work with the whole ecosystem whilst also underpinning it. As CEO of the WFE, over the past six years, Ms. Sukumar has utilised her vast experience and knowledge to facilitate greater engagement among affiliate members to ensure the group can effectively contribute to IOSCO's mission of investor protection, market integrity, and financial stability. 

Along with the incoming AMCC Chair, Ms Sukumar will continue to lead the group as it provides input into the IOSCO policy and standard-setting work.  This will build on the common interest that AMCC members have in market-based finance, whose role in financing and investment is proving more important than ever. In this context, the AMCC is an important body for promoting a healthy ecosystem for markets. 

Nandini Sukumar, CEO of the World Federation of Exchanges and Vice Chair of the AMCC said, “I am delighted to have been re-elected to the position of Vice Chair of the AMCC and that I can continue to guide this group in the important work that we do. Thank you to the AMCC members for their continued confidence in me. I look forward to another busy term, building on what we have achieved together so far, and continuing to collaborate with you as we navigate new challenges the industry faces.”

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Media:

Cally Billimore

Manager, Communications

Email: [email protected]

Phone: +44 7391 204 007

Edelman Smithfield (PR)

Email: [email protected]

Phone: +44 7813 407 665

About the World Federation of Exchanges (WFE)

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents the providers of over 250 pieces of market infrastructure, including standalone CCPs that are not part of exchange groups. Of our members, 36% are in Asia Pacific, 43% in EMEA and 21% in the Americas. The WFE’s 87 member CCPs and clearing services collectively ensure that risk takers post some $1.3 trillion (equivalent) of resources to back their positions, in the form of initial margin and default fund requirements. The exchanges covered by WFE data are home to over 55,000 listed companies, and the market capitalization of these entities is over $111tr; around $124tr in trading annually passes through WFE members (at end-2023).

The WFE is the definitive source for exchange-traded statistics and publishes over 350 market data indicators. Its free statistics database stretches back more than 40 years and provides information and insight into developments on global exchanges. The WFE works with standard-setters, policy makers, regulators and government organisations around the world to support and promote the development of fair, transparent, stable and efficient markets. The WFE shares regulatory authorities’ goals of ensuring the safety and soundness of the global financial system.

With extensive experience of developing and enforcing high standards of conduct, the WFE and its members support an orderly, secure, fair and transparent environment for investors; for companies that raise capital; and for all who deal with financial risk. We seek outcomes that maximise the common good, consumer confidence and economic growth. And we engage with policy makers and regulators in an open, collaborative way, reflecting the central, public role that exchanges and CCPs play in a globally integrated financial system.

Website: www.world-exchanges.org

Twitter: @TheWFE

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