Which organization aims to oversee financial regulation in North America?

Which organization aims to oversee financial regulation in North America?

• A. International Organization of Securities Commissions (IOSCO)
• B. Council of Securities Regulators of the Americas (COSRA)
• C. North American Securities Administration Association (NASAA)
• D. Financial Stability Board (FSB)

Answer: (B)

The Council of Securities Regulators of the Americas (COSRA) is indeed focused on enhancing cooperation and collaboration among securities regulatory organizations across North America and South America. COSRA aims to foster the development of consistent regulatory frameworks and improve the efficiency of market oversight, which is particularly important in addressing cross-border regulatory challenges.

This organization specifically targets the collaboration of securities regulators, which plays a crucial role in safeguarding investor interests and maintaining market integrity in the region. Its focus on the Americas allows for a tailored regulatory approach that addresses the unique challenges and dynamics of markets within this geographical area.

In contrast, the other organizations mentioned have broader or different mandates. For instance, the International Organization of Securities Commissions (IOSCO) focuses on creating global standards for securities regulations rather than overseeing North American regulations specifically. The North American Securities Administrators Association (NASAA) works to protect investors primarily at the state level within the U.S. and has a broader educational and advocacy role, while the Financial Stability Board (FSB) is concerned with global financial stability and systemic risks, rather than the direct oversight of financial regulations within specific jurisdictions like North America.