Given the need for the Forum to have a manageable size, national representation would be limited to three members; the IFIs (IMF and IBRD) would be represented by two participants each, the other international organisations (BIS and OECD) by one member each; the international regulatory groupings (BCBS, IOSCO and IAIS) would be represented by two members each, and the CGFS and CPSS by one each.
Development of Government benchmark securities is an essential element of a well functioning Government Securities market and this requires the issuer to make conscious efforts to avoid fragmentation and where necessary consolidate issuance. Typically, benchmark securities in domestic markets are 2, 3, 5 and 10 years, while countries like the USA issue securities up to 30 years.