Regulatory reforms to address issues in the securities markets that were revealed by the global financial crisis are well underway, according to a report published Friday by the International Organization of Securities Commissions (IOSCO).

The IOSCO report examines the implementation of post crisis recommendations by the G20 and the Financial Stability Board (FSB), which aim to strengthen securities markets. The measures concern hedge funds, structured products and securitization, oversight of credit rating agencies (CRAs), and commodity derivative markets, among other things.

Most jurisdictions have taken steps to implement the policymakers’ recommendations and IOSCO guidance in each reform area, the report finds.

“Implementation is most advanced in relation to hedge funds, structured products and securitization, and the oversight of CRAs,” the report says, and many jurisdictions had implemented these reforms by 2014.

The reforms in other areas remain a work in progress, the report notes.