Systemic risk refers to the potential for an event to have a widespread adverse effect on the financial system and thereby on the wider economy. One of the objectives of IOSCO is the reduction of systemic risk. To give effect to this objective, two new principles have been adopted by IOSCO which recognize the need for securities regulators to actively contribute to the mitigation of systemic risks and review the perimeter of their regulation. In order to achieve this goal, securities regulators will build on their traditional oversight role with respect to investor protection, market integrity and business conduct. 

• Is systemic risk only a matter for prudential regulators and central banks or should recognition being given that financial stability is also the concern of securities markets regulators?
• How can securities regulators clearly articulate the concept of systemic risk in markets and how should they address it in a meaningful and tangible way?
• From the perspective of securities regulators, what is the role of investor confidence with regard to systemic risk? i.e. to which extent has systemic risk effect on investor confidence?
• Are there early warning signs of systemic risk that could be used by regulators?
• What is meant by systemically important financial institutions?
• What are products, practice, and markets that could introduce systemic risk? 
• Which processes and methodologies should be developed to identify, monitor, mitigate and manage  systemic risk, especially as global financial markets have become highly integrated?
• How can individual regulators best contribute to the effectiveness of the new systemic risk bodies that have been set up in several jurisdictions and regions?
• Is the distinction drawn in the regulation of regulated and unregulated markets sensible or if so do they require different types of oversight?

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