This report, by a follow-up group chaired by Mr Axel Nawrath, Director General, the Federal Finance Ministry of Germany, outlines a strategy for encouraging all economies to implement the 12 key standards endorsed by the FSF through:

  • official incentives (e.g. assessments by International Financial Institutions);
  • market incentives to promote discipline and assessments; and
  • market access measures and regulatory/supervisory actions encouraging the adoption of these standards.