It was initially set up in response to an increasing number of large financial organisations providing services in all three sectors across multiple countries.
Today the Forum deals with issues that are common to all three sectors, including financial regulation of conglomerates.
The Joint Forum can trace its origins from the Tripartite Group which was formed in early 1993 to address a range of issues relating to the supervision of financial conglomerates.
The Tripartite group was composed of bank, securities and insurance supervisors and looked at issues related to the supervision of large financial conglomerates.
[1] The Joint Forum is a group of technical experts and is composed of an equal number of senior bank, insurance and securities supervisors.