There is a distinction between a central bank buying Government Securities on its own accord and being compelled to do so. In many countries, either there are laws prohibiting central bank participation in primary auctions such as in Indonesia and Peru or central banks voluntarily restrict themselves from participation as in the case of Malaysia, Philippines and Hungary.
These are on Financial Stability Assessment and Stress Testing, on Financial Regulation and Supervision, on Institutions and Market Structure and on Transparency Standards. In order to enhance the credibility of this self-assessment, the Committee has decided that the reports of the Advisory Panels would be peer reviewed by a panel of international experts.