Table of Key Standards for Sound Financial Systems
- Economies that have, or seek, access to international capital markets are encouraged to subscribe to the more stringent SDDS and all other economies are encouraged to adopt the GDDS.
- The FSB supports the inclusion of one or more standards on resolution regimes under this policy area, and intends to make a selection once relevant policy development work is completed.
- The World Bank, working with UNCITRAL and internationally recognized experts, has completed and implemented the ICR ROSC Assessment Methodology. The ICR ROSC Methodology is based on the current Creditor Rights and Insolvency Standard (ICR Standard), derived from the World Bank's Principles and Guidelines for Effective Insolvency and Creditor Rights Systems, and the recommendations included in the UNCITRAL's Legislative Guide on Insolvency Law.