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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,
Jerry Corrigan, Goldman Sachs and former President of the
Fermin del Valle, former President, IFAC, Argentina
Jane Diplock, Chairman, IOSCO Executive
Raudline Etienne, Chief Investment Officer,
Stephen Haddrill, Director General, Association of British Insurers,
Toru Hashimoto, former Chairman, Deutsche Securities Limited,
Nobuo Inaba, former Executive Director, Bank of Japan,
Gene Ludwig, former Controller of the Currency,
Yezdi Malegam, Board Member, National Reserve Bank of
Klaus-Peter Müller, Chairman of the Supervisory Board,
Don Nicolaisen, former Chief
Wiseman Nkuhlu, Chairman of the Audit Committee, AngloGold
Tommaso Padoa-Schioppa, former Finance Minister, Italy
Lucas Papademos, Vice-President, European Central Bank
Michel Prada, former Chairman, Autorité des marchés financiers, France
Observers:
Committee of European Securities Regulators
International Association of Insurance Supervisors
US Securities and Exchange Commission
Nelson Carvalho, IASB SAC
Dennis Chookaszian, Chairman, FASAC, United States