The Joint Forum consists of the Basel Committee on Banking Supervision, the International Organization of Securities Commissions and the International Association of Insurance Supervisors.

The Joint Forum has published a report entitled Review of the Differentiated Nature and Scope of Financial Regulation. The report analyses the key issues arising from the differentiated nature of financial regulation in the international banking, securities and insurance sectors. It also addresses gaps arising from the scope of regulation as it relates to different financial activities, with a particular focus on certain unregulated or lightly regulated entities or activities.

The report covers the following specific areas:

  • Issues arising from regulatory differences across international banking, securities and insurance sectors.
  • Supervision and regulation of financial groups, focusing on unregulated entities within those groups.
  • Residential mortgage origination, focusing on minimum underwriting standards consistently implemented by different types of mortgage providers.
  • Hedge funds, especially those that present systemic risk.
  • Credit risk transfer, focusing on credit default swaps and financial guarantee insurance.

View Review of the Differentiated Nature and Scope of Financial Regulation, 8 January 2010