What is the full form of ROC in the context of global financial market regulation involving over 65 regulators and authorities from more than 50 countries?

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