The Joint Forum, an umbrella group that brings together international banking, insurance and securities regulators, has named a new leader.
Therese Vaughan has been appointed chair of the Joint Forum for a two-year term. Vaughan, who succeeds Tony D’Aloisio of the Australian Securities and Investments Commission as leader of the Joint Forum, is the CEO of the National Association of Insurance Commissioners in the U.S.
The appointment was announced Friday by the Joint Forum’s parent organizations, the Basel Committee on Banking Supervision, the International Organization of Securities Commissions, and the International Association of Insurance Supervisors. It was established in 1996 to deal with regulatory issues that are common to the banking, securities and insurance sectors, including the supervision of financial conglomerates.
Commenting on her appointment, Vaughan noted the importance of the Joint Forum’s international focus on cross-sector supervisory issues. “I look forward to working with Joint Forum members and the Joint Forum’s parent organizations to advance the international regulatory agenda with a focus on cross-sector issues,” she said.