The Monitoring Group is pleased to announce the appointment of Mr. Jean-Paul Servais as Co-Chair of the Monitoring Group for a two-year term. As the Vice-Chair of the Board of the International Organisation of Securities Commissions (IOSCO) and Chairman of Belgium’s Financial Services and Markets Authority (FSMA), Mr. Servais has vast experience in senior leadership positions in the field of financial markets regulation, corporate reporting and audit. Mr. Servais also chairs the Monitoring Board of the IFRS Foundation on behalf of IOSCO.
At IOSCO, Mr. Servais also chairs the European Regional Committee and the Finance and Audit Committee. He is also a member of the Board of Supervisors of the European Securities and Markets Authority (ESMA) and of the European Systemic Risk Board. He teaches parttime at the University of Brussels (ULB).
He joins Mr. Sagar Teotia, Chief Accountant of the US Securities and Exchange Committee, as Co-Chair of the Monitoring Group.
Mr. Sagar Teotia, Co-Chair of the Monitoring Group stated: “I am delighted to welcome Jean-Paul and share the responsibility of leading the Monitoring Group in the implementation of the agreed MG reforms. Jean-Paul’s extensive experience in holding leading positions at oversight bodies will be instrumental in advancing the reform process.”
Jean-Paul Servais, Co-Chair of the Monitoring Group said: “I feel privileged to take on the role of Monitoring Group Co-Chair together with Sagar at this critical juncture. I look forward to working closely with my Monitoring Group colleagues and global stakeholders towards our MEMBERS International Organisation of Securities Commission (Chair) Basel Committee on Banking Supervision European Commission Financial Stability Board International Association of Insurance Supervisors International Forum of Independent Audit Regulators The World Bank Group 2 shared goal of shaping the audit-related standard setting governance and enhancing its independence, effectiveness and public interest responsiveness.”
Source: The Monitoring Group
