News from the International Organization of Securities Commissions (IOSCO) Annual Conference Distributed over Business Wire

Business Wire served as the News Distribution Partner of the 32nd
Annual Conference of the International Organization of Securities
Commissions (IOSCO), a global gathering of financial market regulators
that was held for the first time in India (April 9-12).

The Securities Exchange Board of India, which served as host of
the event, appointed Business Wire's licensed affiliate, Business Wire
India, as the communications platform to distribute conference news to
the news media and investors worldwide.

All news announcements originating from IOSCO 2007 are showcased
on the website www.businesswireindia.com. A final communique recapping
conference highlights was issued over Business Wire earlier today.

The International Organization of Securities Commissions (IOSCO)
is an international organization that brings together the regulators
of the world's securities and futures markets. Together with its
sister organizations, the Basel Committee on Banking Supervision and
the International Association of Insurance Supervisors, IOSCO makes up
the Joint Forum of international financial regulators. Currently,
IOSCO members regulate more than 90 per cent of the world's securities
markets, including Securities and Exchange Board of India. There are
109 ordinary members of IOSCO, with 10 Associate and 73 Affiliate
members. India is one of the ordinary members as well as a member of
the Executive Committee. SEBI Chairman Mr M Damodaran also chairs the
Emerging Markets Committee for IOSCO.

Anurag Mittal, Business Head for Business Wire India, said "The
IOSCO event being held in India this year underlines the growing
importance of India as a global investment destination. At the same
time, it emphasises the importance of globalisation of capital markets
and regulatory systems to facilitate information flow."

SEBI Chairman M Damodaran commented that, "IOSCO is playing an
increasingly important role in setting high standards for global
securities market. IOSCO is also actively engaged in highlighting
areas of contemporary relevance. The discussion on hedge funds, SME
financing and transnational exchanges is especially topical for
emerging markets like India."

Four panel discussions were open to the public. The first panel on
'Securities Exchange Evolution and the Regulation of Transnational
Securities Exchange' was chaired by Mr Michael Prada, chairman of
IOSCO Technical Committee. Mr. Arthur Docters van Leeuwen, chairman of
the Netherlands Authority for the Financial Markets, chaired a panel
discussion on 'Accounting and Auditing - An International
Perspective'. Securities and Futures Exchange (Hong Kong) Chairman Mr
Martin Wheatley chaired a public panel discussion on 'Hedge Funds -
The New Regulatory Challenges'. A panel focusing on 'Capital Markets
and Economic Development - New Avenues for the Financing of Small and
Medium Size Enterprises' was chaired by Mr. Andrew Sheng, member of
the China Banking Regulatory Commission.

About Business Wire India

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experience to India. Business Wire India strongly advocates greater
freedom for the financial markets and need for greater transparency
through open channels of communication, in the corporate sector.

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