Joint Forum
The Joint Forum was established in 1996 under the aegis of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to deal with issues common to the banking, securities and insurance sectors, including the regulation of financial conglomerates (mandate).
The Joint Forum is comprised of an equal number of senior bank, insurance and securities supervisors representing each supervisory constituency.
Chair
| Current: | Thomas Schmitz-Lippert, Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), Germany |
| Previous: | Therese M. Vaughan, National Association of Insurance Commissioners, United States (January-November 2012) |
| Tony D'Aloisio, Australian Securities and Investments Commission (2010-2011) | |
| John C Dugan, Comptroller of the Currency, United States (2007-December 2009) | |
| Dirk Witteveen, de Nederlandsche Bank (2006-September 2007) | |
| Ian Johnston, Hong Kong Securities and Futures Commission (June-December 2005) | |
| Gay Huey Evans, UK Financial Services Authority (2004-June 2005) | |
| José María Roldán, Bank of Spain (2002-2003) | |
| Jarl Symreng, Finansinspektionen - Sweden (2000-2001) | |
| Alan Cameron, Australian Securities and Investments Commission (1998-1999) | |
| Tom de Swaan, de Nederlandsche Bank (1996-1997) |
Membership
The Joint Forum is comprised of an equal number of senior bank, insurance and securities supervisors representing each supervisory constituency.
| Country | Banking | Insurance | Securities |
| Australia: | Australian Prudential Regulation Authority | Australian Securities and Investments Commission | |
| Belgium: | National Bank of Belgium | National Bank of Belgium | |
| Canada: | Office of the Superintendent of Financial Institutions | Autorité des marchés financiers (Québec)1 | |
| China: | China Banking Regulatory Commission | ||
| France: | Autorité de contrôle prudentiel et de résolution | Autorité de contrôle prudentiel et de résolution | Autorité des marchés financiers |
| Germany: | Bundesanstalt für Finanzdienstleistungsaufsicht | Bundesanstalt für Finanzdienstleistungsaufsicht | Bundesanstalt für Finanzdienstleistungsaufsicht |
| India: | Insurance Regulatory and Development Authority | Securities and Exchange Board of India | |
| Italy: | Banca d'Italia | Commissione Nazionale per le Società e la Borsa | |
| Japan: | Bank of Japan | Financial Services Agency | Financial Services Agency |
| Netherlands: | De Nederlandsche Bank | ||
| South Africa: | Financial Services Board | ||
| South Korea: | Financial Supervisory Service | ||
| Spain: | Banco de España | Comision Nacional del Mercado de Valores | |
| United Kingdom: | Prudential Regulation Authority/ Financial Conduct Authority |
Prudential Regulation Authority/ Financial Conduct Authority |
Prudential Regulation Authority/ Financial Conduct Authority |
| United States: | Federal Reserve Board & Office of the Comptroller of the Currency |
National Association of Insurance Commissioners | Securities and Exchange Commission |
| Basel Committee on Banking Supervision | |||
| International Association of Insurance Supervisors | |||
| International Organization of Securities Commission | |||
| International Monetary Fund (Observer) | |||
| European Commission (Observer) | |||
| Financial Stability Institute (Observer) | |||
| Secretariat: | Basel Committee on Banking Supervision | ||
Frequency of meetings
The Joint Forum usually meets three times per year.
Main subgroups
- Risk Assessment and Capital;
- Conglomerate Supervision.
1 Effective August 2005, the Ontario Securities Commission and the Autorité des marchés financiers (Québec) (AMF) share this seat on a rotational basis.