Dirk Witteveen, the Chairman of the Joint Forum and an Executive Director of the Netherlands Bank, said today, “On behalf of the Joint Forum, I would like to acknowledge the time invested in this initiative by participating firms. I believe the result is a paper that provides a useful perspective on the broad range of practices employed by firms and one that could serve as a foundation for additional work by others in this challenging risk management area.”
The paper is available on the websites of the Bank for International Settlements ( http://www.bis.org), the International Organization of Securities Commissions (IOSCO) (http://www.iosco.org) and the International Association of Insurance Supervisors (IAIS) (http://www.iaisweb.org).
The Joint Forum was established in 1996 under the aegis of the Basel Committee on Banking Supervision, IOSCO, and the IAIS to deal with issues common to the banking, securities and insurance sectors, including the supervision of financial conglomerates.
