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.
This paper outlines measurement techniques and principles to facilitate the assessment of capital adequacy on a group-wide basis for financial conglomerates. This paper was significantly refined as a result of the consultation process and testing of the principles. The more significant changes include:
This paper provides guidance to ensure that supervisors of entities within a financial conglomerate are able to exercise their responsibilities to assess whether those entities are soundly and prudently managed.
This paper provides to supervisors involved in the oversight of regulated financial institutions residing in financial conglomerates guiding principles with respect to supervisory information sharing. The Ten Key Principles on Information Sharing issued by the G7 Finance Ministers in May 1998, which complement the principles developed by the Joint Forum, are annexed to this paper.
This provides to supervisors guidance for the possible identification of a coordinator or coordinators and a catalogue of elements of coordination from which supervisors can select the role and responsibilities of a coordinator or coordinators in emergency and non-emergency situations. In May 1998, the G7 Finance Ministers endorsed the principles in this paper and urged the supervisory bodies to take quickly the decisions on the implementation of these proposals, as some national supervisors move towards establishing coordinators for their major groups. Many of the submissions received from industry and the supervisory community suggested modifying the principles in various ways generally with a view to enhancing effective coordination. After examining actual experiences in supervisory coordination, the Forum concluded that it would be preferable to proceed to implementation of the principles rather than to attempt further refinement at this stage.
This is a tool to assist supervisors in better understanding each others' objectives and approaches. It is expected that experience gained in using the Questionnaire, will result in changes to enhance its coverage and make it a more useful tool to better understand supervisors' objectives and approaches.
This paper provides banking, securities and insurance supervisors principles for ensuring through the regulatory and supervisory process the prudent management and control of intragroup transactions and exposures by financial conglomerates.
This paper provides to banking, securities and insurance supervisors principles for ensuring through the regulatory and supervisory process the prudent management and control of risk concentrations in financial conglomerates.
As the work of the Joint Forum progresses on the above mandate and additional documents are endorsed by the parent organisations, this Compendium will be updated. Joint Forum documents are accessible on the websites of the BIS (http://www.bis.org/bcbs), IAIS (http://www.iaisweb.org) and IOSCO (http://www.iosco.org).