What is it about?
The governance of financial markets: participants, institutions and infrastructure; is a matter of significant regulatory, stability and commercial focus. The accounting scandals in the late 1990s (Waste Management, Enron, Worldcom, Arthur Andersen, Tyco) highlighted the general need to strengthen governance and develop clear frameworks to identify, measure, manage and disclose risks. Yet, in spite of many needed reforms in both governance and risk management, the global financial crisis of 2007/08 once more put the governance in the spotlight and emphasised the impact it has on the integrity and stability of financial markets.