An international body of securities regulators is set to launch a global task force to examine conduct in financial markets and the responsibilities of senior managers, hot on the heels of a major conduct review published by the Bank of England last week.

The International Organization of Securities Commissions will build off the work in the UK Fair and Effective Markets Review, published last Wednesday, but will also draw on other reports from both emerging and developed markets. It will focus on conduct in both the wholesale and retail financial sectors, Iosco representatives said during a press briefing on Wednesday at the body's 40th annual conference, held in London.