Current arrangements for the supervision and surveillance of the international financial system  1  BIS Review 21/1999  There are various international organisations which share responsibility for the current arrangements concerning the supervision and surveillance of the international financial system.
The International Financial Institutions (IFIs) contribute in various ways to strengthening the global financial system: − the International Monetary Fund (IMF) has responsibility under its Articles for surveillance of all member countries, and monitors developments in the global economy and financial markets; − the IBRD (World Bank) under its mandate uses its expertise to assist countries in the design and implementation of reforms to strengthen financial systems, including banking, capital markets and market infrastructure.