Speaking at the Africa/Middle East Regional Committee (AMERC) meeting of the International Organization of Securities Commissions (IOSCO) in Qatar, Seydi emphasized that ensuring the reliability of financial reports is vital for effective investor decision-making. “The utility of financial data from emerging sectors such as fintech, crypto asset management, and digital platforms presents unique regulatory challenges,” he noted. “If these reports lack accuracy or transparency, they risk misleading investors rather than guiding them.”
Seydi further elaborated on the importance of data integrity, stating that “the effectiveness of financial statements hinges on their reliability and precision; otherwise, they fail to serve their purpose or may even distort market perceptions.” He also pointed out that new reporting topics—such as crypto assets and digital currencies—pose additional risks due to their evolving nature and complex reporting requirements.
During his visit to Qatar for IOSCO’s 50th Annual General Meeting, Seydi reiterated that addressing these challenges is essential to safeguard market stability and investor confidence. The AMERC gathering also discussed broader issues, including online investor security, risk assessment frameworks, and market development strategies.
As emerging technologies continue to reshape capital markets globally, regulators face mounting pressure to adapt standards ensuring that financial disclosures remain accurate, transparent, and ultimately beneficial for investors.