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| Background |
Established in early 1996 to forward the work of the Tripartite Group under the aegis of the Basel Committee, the IAIS and IOSCO, the Joint Forum has issued papers which are a significant step forward in addressing some of the most important supervisory issues that arise from the continuing emergence of financial conglomerates and the blurring of distinctions between the banking, securities and insurance sectors.
The Joint Forum comprises an equal number of senior insurance, bank and securities supervisors representing each supervisory constituency. Thirteen countries are represented in the Joint Forum: Australia, Belgium, Canada, France, Germany, Italy, Japan, the Netherlands, Spain, Sweden, Switzerland, the United Kingdom and the United States. The EU Commission attends in an observer capacity.
The Chairmanship rotates between the three parent organisations and is named for a two-year term.
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File size: 19 kB
Modified: 8 March 2007
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File size: 321 kB
Modified: 8 March 2007
Description: The report Risk Management Practices and Regulatory Capital responds to the parent committees' request to compare these approaches to gain a better understanding of current industry practices in all three sectors. It was developed by a Joint Forum working group made up of supervisors from all three sectors. In preparing this report, the working group has drawn on interviews with market participants, rating agencies and analysts, as well as on its own experience.
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File size: 88 kB
Modified: 8 March 2007
Description: In March 2000, the Joint Forum set up a working group to compare the core principles issued by the Basel Committee, the IAIS and IOSCO by identifying common principles and understanding differences where they arise. This report is based on the findings of the Group.
The Joint Forum hopes that this analysis will help those assessing jurisdictions against the core principles gain a familiarity with, and understanding of, the core principles of all sectors and thus become more effective in their work. While each sector worked independently in drafting its core principles, there was a great deal of similarity in the approaches taken: in all cases, the process involved extensive and broad consultations within the sector.
In both structure and content, the core principles reflect characteristics of the respective sector and the nature of the supervised financial institutions, intermediaries and markets. The Joint Forum has sought to be comprehensive and balanced, drawing on intrinsic characteristics where necessary to explain differences. It has emphatically avoided making any judgments as to whether the core principles are right or wrong, recognising that each is designed to meet sector-specific needs.
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File size: 287 kB
Modified: 8 March 2007
Description: This document is a compilation of papers that have been prepared by the Joint Forum since its inception in January 1996, and issued jointly by the Basel Committee on Banking Supervision, the International Organization of Securities Commissions and the International Association of Insurance Supervisors.
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