FSF Study Group on Implementation of Standards – Terms of Reference
1. The task force should explore issues related to promoting the implementation of international standards relevant to strengthening financial systems.
2. The task force should consider a strategy for implementation of standards that may include:
o countries announcing their commitment to implement standards and participate in credible assessments of compliance;
o technical assistance in support of implementation efforts being prioritised;
o relevant information on progress toward compliance of standards being made available; and
o compliance with sound practices being rewarded by market participants and others, thereby reinforcing further efforts at implementation.