Prioritising the Implementation of International Financial Regulation

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The global financial crisis of 2007–08 triggered a plethora of regulatory reforms under the auspices of international bodies such as the G20 and Financial Stability Board. Yet the implementation of these reforms remains a task for individual countries.

This paper presents a risk-based framework for implementing international financial regulation within national economies, in particular in small states. It shows how these countries can navigate the standard setting processes used by the relevant international bodies. It includes case studies to illustrate how the framework can be integrated with standard setting processes to improve outcomes for small states.



Which International Financial Regulations to Prioritise

The financial crisis has been followed by an unprecedented wave of regulatory reforms. Many smaller states lack the human and financial resources, technical capabilities and/or formal legal authority to implement all of the proposed reforms within the relevant timeframes. This paper has sought to articulate and illustrate the application of a framework for prioritising such implementation.


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