Joint forum report on regulatory and market differences
04 May 2006
The Joint Forum – a consortium of the global associations of bank, securities, and insurance regulators – has published Regulatory and Market Differences: Issues and Observations.
The report presents the findings of a review of differences in the regulatory approaches to risk across banking, securities, and insurance sectors. One section of the report discusses market practices and differences and similarities in regulatory reporting requirements.
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The Joint Forum determined that cross-sectoral convergence in both market practice and regulatory approaches is occurring naturally and can be expected to continue as a result of a number of trends and developments highlighted in the paper. At the same time, however, the Joint Forum recognises that cross-sectoral convergence in regulatory approaches is not desirable in every instance. There may be good reasons for sectoral differences in regulatory approaches to the same risk. |
- Report: Regulatory and Market Differences (PDF 145k).
- Press Release (PDF 22k).