NEW
Standards and Codes - Implementing the Fund's Medium-Term Strategy and the Recommendations of the 2005 Review of the Initiative

Standards and Codes

Public Information Notice: IMF Executive Board Reviews the Standards and Codes Initiative, August 8, 2005

Public Information Notice: IMF Executive Board Reviews International Standards: Strengthening Surveillance, Domestic Institutions, and International Markets, April 3, 2003

Press Release: IMF Executive Board Approves 12-Month Anti-Money Laundering Pilot Project, November 22, 2002

Policy Papers and Selected News Releases Related to the IMF's Standards Initiative

World Bank ROSCs

See Also:

Financial Sector Assessment Program (FSAP)

Standards and Codes: The Role of the IMF - A Factsheet





Reports on the Observance of Standards and Codes (ROSCs)
Last updated:  Wednesday, February 19, 2014


ROSCs summarize the extent to which countries observe certain internationally recognized standards and codes. The IMF has recognized 12 areas and associated standards as useful for the operational work of the Fund and the World Bank. These comprise accounting; auditing; anti-money laundering and countering the financing of terrorism (AML/CFT); banking supervision; corporate governance; data dissemination; fiscal transparency; insolvency and creditor rights; insurance supervision; monetary and financial policy transparency; payments systems; and securities regulation; AML/CFT was added in November 2002. Reports summarizing countries' observance of these standards are prepared and published at the request of the member country. They are used to help sharpen the institutions' policy discussions with national authorities, and in the private sector (including by rating agencies) for risk assessment. Short updates are produced regularly and new reports are produced every few years.


[By Country/Area] | [By Date] | [By Topic]
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | Z |

Albania
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) (PDF File :466 KB) 19 July, 2011
Banking Supervision (PDF File :501 KB)
Note :Published as part of a Financial System Stability Assessment
9 August, 2005
Data Dissemination (PDF File :1.21 MB) 31 October, 2006
Data Dissemination 30 May, 2000
Fiscal Transparency (PDF File :272 KB) 8 July, 2003
Payments Systems (PDF File :501 KB)
Note :Published as part of a Financial System Stability Assessment
9 August, 2005

Algeria
Banking Supervision (PDF File :2.88 MB)
Note :Published as part of a Financial System Stability Assessment
17 May, 2004
Banking Supervision 23 June, 2000
Fiscal Transparency (PDF File :503 KB) 1 March, 2005
Monetary and Financial Policy Transparency (PDF File :2.88 MB)
Note :Published as part of a Financial System Stability Assessment
17 May, 2004

Antigua and Barbuda
Banking Supervision (PDF File :214 KB) 7 December, 2004

Argentina
Banking Supervision 15 April, 1999
Data Dissemination 15 April, 1999
Fiscal Transparency 15 April, 1999
Monetary and Financial Policy Transparency 15 April, 1999

Armenia, Republic of
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) (PDF File :474 KB) 11 January, 2010
Data Dissemination (PDF File :974 KB) 10 February, 2009
Data Dissemination (PDF File :948 KB) 16 January, 2002
Fiscal Transparency (PDF File :668 KB) 4 March, 2002

Australia
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) (PDF File :286 KB) 20 November, 2006
Banking Supervision (PDF File :676 KB)
Note :Published as part of a Financial System Stability Assessment
23 October, 2006
Banking Supervision 15 April, 1999
Data Dissemination (PDF File :1.23 MB) 30 November, 2010
Data Dissemination 15 April, 1999
Fiscal Transparency 15 April, 1999
Insurance Supervision (PDF File :676 KB)
Note :Published as part of a Financial System Stability Assessment
23 October, 2006
Monetary and Financial Policy Transparency 15 April, 1999
Payments Systems (PDF File :676 KB)
Note :Published as part of a Financial System Stability Assessment
23 October, 2006
Securities Regulation (PDF File :676 KB)
Note :Published as part of a Financial System Stability Assessment
23 October, 2006

Austria
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) (PDF File :374 KB) 1 December, 2009
Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT) (PDF File :466 KB)
Note :Published as part of a Financial System Stability Assessment
5 August, 2004
Banking Supervision (PDF File :466 KB)
Note :Published as part of a Financial System Stability Assessment
5 August, 2004
Insurance Supervision (PDF File :466 KB)
Note :Published as part of a Financial System Stability Assessment
5 August, 2004
Securities Regulation (PDF File :466 KB)
Note :Published as part of a Financial System Stability Assessment
5 August, 2004

Azerbaijan, Republic of
Data Dissemination (PDF File :1.19 MB) 7 August, 2008
Data Dissemination (PDF File :894 KB) 31 March, 2003
Fiscal Transparency (PDF File :105 KB)Update 6 June, 2003
Fiscal Transparency 13 November, 2000

Data Quality Assessments in Data Module ROSCs

Data Module ROSCs have included a substantial data quality assessment component since early 2001. This assessment is based on the Data Quality Assessment Framework (DQAF). The July 2003 version of the DQAF was introduced at the Fifth Review of the Fund's Data Standards Initiatives. It supersedes earlier versions of the DQAF to reflect experience and developments in international methodological standards and generally accepted good statistical practices. Accordingly, ratings for ROSCs using the July 2003 version of the DQAF are not necessarily directly comparable with ROSCs using earlier versions. The July 2003 version also is now used in Data Module ROSC updates for countries that originally were assessed using earlier versions.