Page 20 - 期货和衍生品行业监管动态（2025年2月刊）

期货和衍生品行业监管动态

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其市场的技术发展。我们欣慰地看到，OSCO 的审查表明大多数成员在按照 2013
年的建议应对市场监控技术挑战方面取得显著进展。在当今无国界环境中，监管

机构既需要组织能力也需要技术能力来有效监控其市场。对所有证券监管机构而

言，对可获取、可靠且高质量数据进行系统而稳健的分析仍应是优先事项。”

IOSCO 评估委员会主席 Laurent van Burik 表示：“多年来，各司法管辖区的

市场监控已取得重大改进，但应对市场滥用行为仍是市场监管机构面临的重大挑

战，尤其是在技术快速进步的背景下。IOSCO 成员应确保自身拥有充分且与时

俱进的权力、工具和资源来开展有效市场监控。”

IOSCO Concludes Thematic Review on Technological Challenges to Effective

Market Surveillance (2025/2/19)

IOSCO publishes a Thematic Review on the status of implementation of its

recommendations on Technological Challenges to Effective Market Surveillance

issued in 2013. Conducted by the IOSCO Assessment Committee, this Thematic

Review assessed the consistency of outcomes arising from the implementation by

market authorities in 34 IOSCO member jurisdictions.

The Review found that most market authorities have implemented the

recommendations and have made significant progress in addressing technological

challenges to market surveillance, particularly in more complex markets.

However, some issues of concern were identified, noting that some regulators

lack the necessary organizational and technical capabilities to conduct effective

surveillance of their markets in the midst of rapid technological developments.

The absence of regular review of the surveillance capabilities of market

authorities was also identified as an issue of concern. For some markets with multiple

trading venues, difficulties were identified for the collection and comparison of data

across these venues. The inability of many regulators to map their cross-border

surveillance capabilities was also identified as an issue of concern, given the risks in

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