The International Accounting Standards Committee (IASC) is completing its work on developing a core set of international accounting standards that could be adopted for international cross-border listings. The OECD and the World Bank have finalised the development of guiding principles on corporate governance.
The IMF is strengthening its surveillance of countries’ financial systems in the course of its Article IV consultations, with a view to improving evaluations of their soundness and vulnerabilities. This is also likely to include reviews of member countries’ compliance with the various standards, guidelines and principles referred to.