Some distinguishing features of the EMEs  The emerging markets and developing economies grew by 5.8 per cent during the past ten years as against 2.7 per cent growth in the advanced economies. This phenomenon is currently lending credence to the argument that growth in the emerging countries can perhaps help, to some extent, offset an economic slowdown in the US.
But now we’re going to look at where standard setting and banking supervision diverge, and what this means for banking supervisors. 6. Points of divergence from banking supervision (1)  As this slide suggests, accounting is increasingly moving toward a neutral picture of enterprises and their risks.