What is the full form of ROC in the context of global

Solution

ROC stands for Regulatory Oversight Committee. About the ROC: • The Regulatory Oversight Committee (ROC) is an international body comprising over 65 financial market regulators and public authorities along with 19 observers from more than 50 countries. • It provides oversight to the Global Legal Entity Identifier System (GLEIS), which promotes transparency and standardization in global financial markets. • The ROC plays a key role in ensuring accountability, regulatory coordination, and the effective use of Legal Entity Identifiers (LEIs) in financial transactions. Purpose: • To enhance transparency in financial systems • To reduce systemic risk • To promote global financial stability