IASB and FASB announced the membership of the Financial Crisis Advisory Group set up by the boards to consider financial reporting issues arising from the global financial crisis.
IASB and FASB announced the membership of the Financial Crisis Advisory Group set up by the boards to consider financial reporting issues arising from the global financial crisis. The group includes recognised leaders from the fields of business and government with a broad range of experience in international financial markets.
The FCAG will be jointly chaired by Harvey Goldschmid, former Commissioner, US Securities and Exchange Commission (US SEC), and Hans Hoogervorst, Chairman, AFM (the Netherlands Authority for the Financial Markets).
Membership of the FCAG is as follows:
John Bogle, Founder, Vanguard, United States
Jerry Corrigan, Goldman Sachs and former President of the New York Federal Reserve Bank, United States
Fermin del Valle, former President, IFAC, Argentina
Jane Diplock, Chairman, IOSCO Executive Committee, New Zealand
Raudline Etienne, Chief Investment Officer, New York State Common Retirement Fund
Stephen Haddrill, Director General, Association of British Insurers, UK
Toru Hashimoto, former Chairman, Deutsche Securities Limited, Japan
Nobuo Inaba, former Executive Director, Bank of Japan, Japan
Gene Ludwig, former Controller of the Currency, United States
Yezdi Malegam, Board Member, National Reserve Bank of India, India
Klaus-Peter Müller, Chairman of the Supervisory Board, Commerzbank, Germany
Don Nicolaisen, former Chief Accountant, US Securities and Exchange Commission, United States
Wiseman Nkuhlu, Chairman of the Audit Committee, AngloGold Ashanti; former Economic Advisor to the President of the Republic of South Africa
Tommaso Padoa-Schioppa, former Finance Minister, Italy
Lucas Papademos, Vice-President, European Central Bank
Michel Prada, former Chairman, Autorité des marchés financiers, France
Observers:
Basel Committee of Banking Supervisors
Committee of European Securities Regulators
International Association of Insurance Supervisors
Japan Financial Services Agency
US Securities and Exchange Commission
Nelson Carvalho, IASB SAC Chairman, Brazil
Dennis Chookaszian, Chairman, FASAC, United States
Press release
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