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.