Compendium of documents produced by the Joint Forum

July 2001

A newer report on this topic was published in 2012.

Summary of Contents

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.

Capital Adequacy Principles:
Compendium (PDF): Pages 9-28 | PDF Feb 1999: 23 pages, 91 kb

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:

  • emphasising that the suggested measurement techniques do not replace existing sectoral rules for the assessment of capital adequacy but are used to complement existing approaches
  • addressing the treatment of unregulated non-financial entities
  • dealing with the combining and tailoring of the measurement techniques
  • making it clear that the choice of measurement technique is left at the supervisors' discretion.

Supplement to the Capital Adequacy Principles:
Compendium (PDF): Pages 29-40 | PDF Feb 1999: 12 pages, 37 kb

This paper illustrates situations that can be faced by supervisors in practical applications of the measurement techniques.

Fit and Proper Principles:
Compendium (PDF): Pages 41-46 | PDF Feb 1999: 6 pages, 17 kb

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.

Framework for Supervisory Information Sharing:
Compendium (PDF): Pages 47-88 (incl. annexes) | PDF Feb 1999: 17 pages, 54 kb

This paper sets out a general framework for facilitating information-sharing between supervisors of regulated entities within internationally active financial conglomerates.

Principles for Supervisory Information Sharing:
Compendium (PDF): Pages 89-98 | PDF Feb 1999: 9 pages, 26 kb + 3 pages, 16 kb

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.

Coordinator paper:
Compendium (PDF): Pages 99-108 | PDF Feb 1999: 9 pages, 28 kb

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.

Supervisory Questionnaire:
Compendium (PDF): Pages 109-128 | PDF Feb 1999: 6 pages, 15 kb

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.

Intra-Group Transactions and Exposures Principles:
Compendium (PDF): Pages 129-138 | PDF Dec 1999: 12 pages, 53 kb

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.

Risk Concentrations Principles:
Compendium (PDF): Pages 139-150 | PDF Dec 1999: 12 pages, 60 kb

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.

History of the Joint Forum:
Compendium (PDF): Pages 5-8 | HTML

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).