The international 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. …more

A review of the ROSC initiative, "The Standards and Codes Initiative—Is It Effective? And How Can It Be Improved?" has now been posted.