Mr. Peter B. Clark

Peter Clark, Domestic and International Relations

Peter Clark was appointed General Manager, Domestic and International Relations at the Australian Transaction Reports and Analysis Centre (AUSTRAC) in August 2006.He is also an active member of AUSTRAC's Executive Committee and Leadership Group.

Prior to joining AUSTRAC, Peter was a consultant and Financial Sector Specialist at the International Monetary Fund (IMF) in Washington DC.His responsibilities included providing advice on the structure and regulation of financial markets, and for developing technical assistance and capacity building initiatives.While at the IMF, he completed a major review of the Fund's experience with assessments of securities regulation under the Financial Sector Assessment Program.

Peter served as Secretary General of the International Organisation of Securities Commissions (IOSCO) from 1998 to 2001, based first in Montreal and then Madrid.As Secretary General, he guided the international standard-setter for securities regulation through a period of significant developments in financial markets and oversaw the implementation of the IOSCO global standards by the organisation's members.

From 1991 to 1998, Peter was Head of International Relations at the Australian Securities and Investments Commission (ASIC), with responsibility for management of ASIC's relationships with overseas regulatory authorities and participation in multilateral forums such as IOSCO.

Peter joined Westpac Banking Corporation as a graduate trainee in 1985 and subsequently occupied a number of positions at head office in the international and group credit policy areas.He was appointed Manager, Country Risk in 1988 and served as Secretary to the Westpac Group's Credit Committee from 1990 to 1991.

"We also have Peter Clare as part of our team and he ran and managed the integration program between Commonwealth Bank and Colonial."

In a research note, Merrill Lynch said Mr Clare would be well placed to advise on information systems integration and cost synergies.
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Westpac head of retail banking: Peter Clare

Peter Clark, Domestic and International Relations

Mr. Peter Clark, Secretary General, International Organisation of Securities Commissions, described the current workings of IOSCO.He noted first of all the existence of the "Objectives and Principles of Securities Regulation" adopted by IOSCO.These were reached following an extensive public consultation process, and were intended to provide guidance on high standards of regulation.Members of IOSCO had agreed to use their best endeavours to implement the principles, and in order to aid this process, IOSCO had established a Task Force to examine how best the principles could be implemented.The aim of this Task Force was also to assist the International Financial Institutions in their work on capital markets.

Mr. Clark remarked that IOSCO was evaluating the work of the International Accounting Standards Committee (IASC), with a view to deciding whether IOSCO should recommend endorsement of a core set of international accounting standards.

These standards, however, were not intended to affect jurisdictions' domestic standards.Publication of disclosure standards should grant an international passport for issuers to use a single disclosure document, and should also enhance comparability of information.The aim was to reduce the costs of cross-border capital raising without compromising investor protection.IOSCO was also concerned with appropriate capital requirements, risk management mechanisms, and internal controls.In this context, it was currently preparing guidance on how to assess financial intermediaries' use of models.Finally, Mr. Clark noted that IOSCO placed a high emphasis on training, and supported a range of training seminars throughout the world.

Mr. Peter Clark,Secretary General of IOSCOTel. : (514) 875-8278Fax : (514) 875-2669E-Mail : mailto : mail@oicv.iosco.org?subject=Pre Release - Securities Settlement Systems [ 2000/01/19 ]

Notes to Editors

1. The International Organization of Securities Commissions (IOSCO), based in Montreal, currently groups 164 securities market regulators which have resolved to cooperate to promote high standards of regulation in order to maintain efficient and sound domestic and international securities markets.The Secretary General of IOSCO is Peter Clark, and its Technical Committee is chaired by Michel Prada, President of the Commission des Opérations de Bourse, France.

Structural issues in the development of Capital Markets, Peter Clark, Advisor, Monetary and Financial Systems Department, International Monetary Fund

PETER B. CLARKPeter Clark is retired from the International Monetary Fund where he most recently served as a senior advisor in the Research Department.After teaching economics at Duke University, he worked as an economist at the U.S. Treasury and at the Board of Governors of the Federal Reserve System in Washington.He then moved to the International Monetary Fund where he wrote extensively on macroeconomics and international monetary economics.He holds a PhD from the Massachusetts Institute of Technology.

Mr Peter Clark, Secretary General International Organization of Securities Commissions 800 Square VictoriaMontreal, Quebec, Canada(Fax: 514 875 2669)

Peter Clark, General Manager Domestic and International Relations

Provides leadership in dealings with regulated entities, partner agencies, international counterparts and other stakeholders, as well as ensuring data quality.

PETER B. CLARKInternational Monetary Fund