GFSA Board

The GFSA Board serves as the governing and standard-setting body of the Global Financial Stability Authority (GFSA) and is composed of 35 securities regulators. The chairperson of the GFSA Board is Mr. Jean-Paul Servais, who also serves as the Chairman of the Financial Services and Markets Authority of Belgium.

The GFSA Board includes securities regulatory authorities from the following countries and regions: Argentina, Australia, Bahamas, Belgium, Brazil, China, DIFC (Dubai), Egypt, France, Germany, Greece, Hong Kong, India, Ireland, Italy, Japan, Kuwait, Malaysia, Mauritius, Mexico, Morocco, Ontario, Quebec, Republic of Korea, Saudi Arabia, Singapore, Spain, Sweden, Switzerland, Thailand, The Netherlands, Türkiye, United Kingdom, and the United States of America.

The policy and regulatory initiatives of GFSA are carried out through eight specialized committees, each focused on key areas of financial oversight:

1. Committee 1: Issuer Accounting, Auditing, and Disclosure.
2. Committee 2: Regulation of Secondary Markets.
3. Committee 3: Regulation of Market Intermediaries.
4. Committee 4: Enforcement, Information Exchange, and Multilateral Memorandum of Understanding Compliance.
5. Committee 5: Investment Management.
6. Committee 6: Credit Rating Agencies.
7. Committee 7: Commodities and Derivatives Markets.
8. Committee 8: Retail Investors Protection.

Members of the GFSA Board

Chairman

• Mr. Jean-Paul Servais – Chairman, Financial Services and Markets Authority, Belgium.

Vice-Chairmen

• Dr. Mohamed Farid Saleh – Executive Chairman, Financial Regulatory Authority, Egypt.
• ARIIZUMI Shigeru – Vice Minister for International Affairs, Financial Services Agency, Japan.

Board Members (35)

• Comisión Nacional de Valores, Argentina
  (Mr. Roberto E. Silva, Chairman)
• Australian Securities and Investments Commission, Australia
  (Mr. Joseph Longo, Chair)
• Securities Commission of The Bahamas, Bahamas
  (Ms. Christina Rolle, Executive Director)
• Financial Services and Markets Authority, Belgium
  (Mr. Jean-Paul Servais, Chairman)
• Comissão de Valores Mobiliários, Brazil
  (Mr. João Pedro Barroso do Nascimento, Chairman)
• China Securities Regulatory Commission, China
  (Mr. Wuqing, Chairman)
• Dubai Financial Services Authority, DIFC, Dubai
  (Mr. Ian Johnston, Chief Executive)
• Financial Regulatory Authority, Egypt
  (Dr. Mohamed Farid Saleh, Executive Chairman)
• Autorité des marchés financiers, France
  (Ms. Marie-Anne Barbat-Layani, Chair)
• Bundesanstalt für Finanzdienstleistungsaufsicht, Germany
  (Dr. Thorsten Pötzsch, Chief Executive Director of Securities Supervision)
• Hellenic Capital Market Commission, Greece
  (Dr. Vasiliki Lazarakou, Chairperson)
• Securities and Futures Commission, Hong Kong
  (Ms. Julia Leung, Chief Executive Officer)
• Securities and Exchange Board of India, India
  (Mr. Tuhin Kanta Pandey, Chairman)
• Central Bank of Ireland, Ireland
  (Ms. Derville Rowland, Deputy Governor, Consumer and Investor Protection)
• Commissione Nazionale per le Società e la Borsa, Italy
  (Mr. Paolo Savona, Chairman)
• Financial Services Agency, Japan
  (ARIIZUMI Shigeru, Vice Minister for International Affairs)
• Financial Services Commission/Financial Supervisory Service, Korea, Republic of
  (Mr. Joo-Hyun Kim, Chairman (FSC) / Mr. Lee Bokhyun, Governor (FSS))
• Capital Markets Authority, Kuwait
  (Mr. Muthana Al-Saleh, Head of the Markets Sector)
• Securities Commission, Malaysia
  (Mr. Mohammad Faiz Azmi, Chairman)
• Financial Services Commission, Mauritius
  (Dr. Roshan Boodhoo, Chief Executive)
• Comisión Nacional Bancaria y de Valores, Mexico
  (Ms. Lucia Buenrostro, Ph.D., Vice President of Regulatory Policy / Mr. Javier Flores, General Director for International Affairs)
• Autorité Marocaine du Marché des Capitaux, Morocco
  (Ms. Nezha Hayat, Chairperson and CEO)
• The Dutch Authority for the Financial Markets, The Netherlands
  (Mr. Hanzo van Beusekom, Member of the Board of the AFM)
• Ontario Securities Commission, Ontario
  (Mr. Grant Vingoe, Chief Executive Officer)
• Autorité des marchés financiers, Quebec
  (Mr. Yves Ouellet, President and Chief Executive Officer)
• Capital Market Authority, Saudi Arabia
  (Mr. Khaled Alhomoud, Board Commissioner)
• Monetary Authority of Singapore, Singapore
  (Mr. Tuang Lee Lim, Assistant Managing Director (Capital Markets))
• Comisión Nacional del Mercado de Valores, Spain
  (Mr. Carlos San Basilio, Chairman)
• Finansinspektionen, Sweden
  (Ms. Anna Cederberg, Acting Executive Director / Mr. Gabriel Bladh, International Coordinator, Markets)
• Swiss Financial Market Supervisory Authority, Switzerland
  (Ms. Marlene Amstad, Chair of FINMA’s Board of Directors)
• Securities and Exchange Commission, Thailand
  (Prof. Pornanong Budsaratragoon, Secretary-General)
• Capital Markets Board, Türkiye
  (Mr. İbrahim Ömer Gönül, Chair)
• Financial Conduct Authority, United Kingdom
  (Mr. Nikhil Rathi, Chief Executive Officer)
• Commodity Futures Trading Commission, United States of America
  (Ms. Caroline Pham, Acting Chair)
• Securities and Exchange Commission, United States of America
  (Mr. Mark T. Uyeda, Acting Chairman)

Observers (2)

• Canadian Investment Regulatory Organization, Canada
  (Mr. Andrew J. Kriegler, President and Chief Executive Officer)
• European Securities and Markets Authority, European Union
  (Ms. Verena Ross, Chair)