Regulators to work together

An international group of securities regulators, including the U.S. Securities and Exchange Commission, agreed to begin work on a coordinated response to several aspects of the global financial crisis.

The International Organization of Securities Commissions has formed three task forces that will focus on short selling, unregulated financial products such as derivatives and unregulated financial entities such as hedge funds, the SEC said.

The Madrid-based organization’s work is in response to recent calls by world leaders, meeting in Washington this month, to better coordinate financial regulation.