The Joint Forum was established in 1996 under the aegis of the Basel Committee on Banking Supervision (BCBS), the International Organization of Securities Commissions (IOSCO) and the International Association of Insurance Supervisors (IAIS) to deal with issues common to the banking, securities and insurance sectors, including the regulation of financial conglomerates. The Joint Forum is comprised of an equal number of senior bank, insurance and securities supervisors representing each supervisory constituency.
Current: John C Dugan, Comptroller of the Currency, United States
Previous: Dirk Witteveen, de Nederlandsche Bank (2006-September 2007)
Ian Johnston, Hong Kong Securities and Futures Commission (June-December 2005)
Gay Huey Evans, UK Financial Services Authority (2004-June 2005)
José María Roldán, Bank of Spain (2002-2003)
Jarl Symreng, Finansinspektionen - Sweden (2000-2001)
Alan Cameron, Australian Securities and Investments Commission (1998-1999)
Tom de Swaan, de Nederlandsche Bank (1996-1997)
The financial power this one man holds is staggering.
John Dugan stepped into the position because Witteveen died.
Here is the Basel system at work.
The Basel committee could very well
be the "gnomes of zurich" the JFK spoke about shortly before he died.
They emerged publically in 1974, but I bet they were formed long before that.