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Masamichi Kono of Japan FSA to lead IOSCO’s Technical Committee

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Cape Town--22 Apr--Asian Banker

Cape Town, April 21st 2011 - The International Organization of Securities Commissions (IOSCO) is pleased to announce the appointment of Mr. Masamichi Kono, as Chairman of IOSCO’s Technical Committee. Mr. Kono will take up his appointment at the close of the Annual Conference in Cape Town on Thursday 21 April and his term will run until 2012 when IOSCO will merge its constituent committees to form the IOSCO Board.

Mr. Kono is the Vice Commissioner for International Affairs at the Financial Services Agency of Japan (JFSA), and has served as Vice-Chairman of the Technical Committee since 2010. Mr. Kono will replace Hans Hoogervorst as Chairman of the Technical Committee and will be succeeded as Vice-Chairman by Mr. Fernando

Restoy, Vice President of the Comisión Nacional Del Mercado de Valores (CNMV) of Spain.

Hans Hoogervorst, Chairman of the Technical Committee, welcoming the appointment said: “I would like to congratulate Masa and on his selection as the Chairman of the Technical Committee and wish him well in his new role and the challenges this will bring.

“Masa possesses the leadership, regulatory and diplomatic skills necessary to lead the Technical Committee at a time when much is being asked of IOSCO by global authorities in their reform of the financial regulatory system.”

Mr. Kono has a long career in financial supervision and regulation, both in Japan and in the international arena, since joining the public service in 1978. Prior to his present position, Mr. Kono has served as Deputy Director-General of the Supervisory Bureau, and as Director of a number of divisions in the FSA including Supervisory Coordination, Banks Division 1, Credit Systems and International Affairs.

He has acted as Secretary to the World Trade Organization Financial Services Committee between 1994 and 1999 and has taken part in various committees and activities of the FSF (FSB), OECD, BCBS, IOSCO, IAIS and APEC as well as serving 4 years at the OECD Secretariat.

Mr. Kono is currently Acting Chairman of the Monitoring Board of the International Financial Reporting Standards Foundation (IFRSF) where he represents IOSCO’s Technical Committee.
Since 2005, he has been a Visiting Professor at University of Hiroshima.
--www.theasianbanker.com (April 21, 2011)--

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