In the banking sectors of SEE counties, it appears that the degree of progress towards achieving international best standards has not been the same in all areas of regulatory and supervisory interest, particularly as regards the implementation and enforcement capabilities of the competent authorities.
In a number of countries, assessments on behalf of the European Commission and the IMF have revealed remaining weaknesses in such fields as anti-money laundering, consolidated supervision of financial conglomerates, implementation of International Financial Reporting Standards (IFRS), integrated assessment of risk management systems and the extent of co-operation with foreign supervisors.