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.




Seven years after the onset of the 2007-08 global financial crisis, reform of the international financial architecture and strengthening financial regulation remain at the top of the global agenda, but the vast majority of developing countries, including small states, are still excluded from the process.


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