The monitoring of implementation in other (non-priority) areas of FSB/G20 reform is undertaken by the FSB's Implementation Monitoring Network (IMN). The principal source of information for the IMN is the responses to its annual survey (which was first launched in 2010) by FSB jurisdictions. The FSB has not undertaken an evaluation of survey responses to verify the status or assess the effectiveness of implementation. In a number of cases, the complexity of the reforms and the summarised nature of the responses does not allow for straightforward comparisons across jurisdictions or reform areas. In particular, reforms whose implementation status in a particular area is reported as complete should not be interpreted to mean that no further steps (e.g. to reflect new international policy developments or follow-up supervisory work) are needed in that area.

The areas of reform included in the current version of the survey are:

  1. Hedge funds;
  2. Securitisation;
  3. Enhancing supervision;
  4. Building and implementing macroprudential frameworks and tools;
  5. Improving oversight of credit rating agencies;
  6. Enhancing and aligning accounting standards;
  7. Enhancing risk management;
  8. Strengthening deposit insurance;
  9. Safeguarding the integrity and efficiency of financial markets; and
  10. Enhancing financial consumer protection.

Previous versions of the survey also included the following areas: refining the regulatory perimeter (until 2015) and strengthening adherence to international financial standards (until 2012).

Responses submitted by FSB jurisdictions to the annual IMN survey can be viewed here: National/regional responses to IMN surveys.

Overview of the Reported Implementation Status

An overview of the reported implementation status by recommendation and jurisdiction from the latest IMN survey is shown below (and can be downloaded as PDF):

Overview of reported implementation status 2017

 

Additional information, based on the survey responses can be found below.

2017 IMN Survey

  • Note summarising implementation progress and recent developments by recommendation.
  • IOSCO report with additional information on progress for eight of these recommendations that pertain to securities markets.
  • Chart showing reported progress in implementation of recommendations across jurisdictions by recommendation.

2016 IMN Survey

  • Note summarising implementation progress and recent developments by recommendation.
  • IOSCO report with additional information on progress for eight of these recommendations that pertain to securities markets.
  • Chart showing reported progress in implementation of recommendations across jurisdictions by recommendation.

2015 IMN Survey

  • Chart showing reported progress in implementation of recommendations across jurisdictions by recommendation.

To enhance the comprehensiveness, consistency and granularity of responses, the 2015 IMN Survey included a few additional questions for four recommendations that were reported to be at an advanced stage of implementation. Tables summarising jurisdictions’ responses in each of these reform areas can be accessed by clicking on the following links:

 

Query Tool

The query tool below enables users to obtain information on the status of national/regional implementation of G20/FSB recommendations covered by the IMN survey based on three filters: area of reform, jurisdiction and year. This information is based on self-reporting by FSB jurisdictions.