IIF has published a report with recommendations to promote a greater international regulatory consistency. Among other recommendations related to different stages of the regulatory cycle, IIF suggests that:

  • international standards should balance consistency and local flexibility;
  • standard-setters should set realistic deadlines and allow time for consultation;
  • national regulators should coordinate the timing of their implementation of international standards; and
  • the Financial Stability Board should review the organisation and resources available for international regulatory work.

(Source: Promoting Greater International Regulatory Consistency)