The proposed principles, which revise the Joint Forum’s 1999 principles, provides national authorities, standard setters and supervisors with a set of internationally agreed principles that support consistent and effective supervision of financial conglomerates and in particular those financial conglomerates that are active across borders. The proposed principles are organized into 5 sections and expand and supplement the 1999 principles in a number of ways: (i) supervisory powers and authority; (ii) supervisory authority; (iii) supervisory responsibility; (iv) capital adequacy and liquidity; and (v) risk management.