community has emphasized the important role of international standards
in strengthening the international financial architecture. They help to
better identify weaknesses that may contribute to economic and financial
vulnerability, foster market efficiency and discipline, and ultimately
contribute to a global economy, which is more robust and less prone to
crisis. At the national level, international standards provide a benchmark
that can help identify vulnerabilities as well as guide policy reform.
A review of the ROSC initiative, "The Standards and Codes Initiative—Is It Effective?
And How Can It Be Improved?" has now been posted.