FSA director to chair Joint Forum
The body’s aim is to facilitate greater cooperation internationally between financial regulators covering different financial sectors. Its mandate covers regulatory risk assessment, credit risk and operational risk.
An official from the Joint Forum was unable to give details of any particular new projects. But he said a meeting was scheduled for early 2004 at which future plans for the forum would be discussed.
The Forum was formed in 1996 and represents a group of experts taken in equal number from senior posts in the banking, insurance and securities industries. They work under the under the aegis of the Basel Committee on Banking Supervision, the International Organisation of Securities Commissions and the International Association of Insurance Supervisors.
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