•  The G20 also called on the FSB and standard setters to assess and raise supervisory and regulatory standards and codes, drawing efficiently on existing processes – including the joint IMF/World Bank Financial Sector Assessment Program (FSAP).
Three related objectives under this headings include (i) fostering greater adherence to international standards; (ii) helping to identify jurisdictions that lag behind in terms of their implementation of these standards; and (iv) supporting a peer review process among FSB members. The FSB, with its expanded mandate and membership, is well placed to carry through and build on these various initiatives.