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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:  Tuesday, May 3, 2016


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.


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Afghanistan, Islamic Republic of
Islamic Republic of Afghanistan : Report on Observance of Standards and Codes: FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :403 KB) November 4, 2011

Albania
Albania : Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :466 KB) July 19, 2011
Albania: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessments Using the Data Quality Assessment Framework (PDF File :1.21 MB) October 31, 2006
Albania: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision and Payment Systems (PDF File :501 KB)
Note :Published as part of a Financial System Stability Assessment
August 9, 2005
Albania: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :272 KB) July 8, 2003
Report on the Observance of Standards and Codes: Albania -- Data Dissemination May 30, 2000

Algeria
Algeria: Report on the Observance of Standards and Codes-Fiscal Transparency Module (PDF File :503 KB) March 1, 2005
Algeria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Monetary and Financial Policy Transparency and Banking Supervision (PDF File :2.88 MB)
Note :Published as part of a Financial System Stability Assessment
May 17, 2004
Report on the Observance of Standards and Codes: Algeria -- Table of Contents June 23, 2000

Antigua and Barbuda
Antigua and Barbuda: Report on Observance of Standards and Codes--Basel Core Principles for Effective Banking Supervision---Offshore Banking (PDF File :214 KB) December 7, 2004

Argentina
Experimental Report on Transparency Practices: Argentina April 15, 1999
Experimental Report on Transparency Practices: Argentina April 15, 1999
Experimental Report on Transparency Practices: Argentina April 15, 1999
Experimental Report on Transparency Practices: Argentina April 15, 1999

Armenia, Republic of
Armenia: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :474 KB) January 11, 2010
Republic of Armenia: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF) (PDF File :974 KB) February 10, 2009
Republic of Armenia: Report on the Observance of Standards and Codes--Fiscal Transparency Module (PDF File :668 KB) March 4, 2002
Republic of Armenia: Report on Observance of Standards and Codes-Data Module and Detailed Assessments Using the Data Quality Assessment Framework (PDF File :948 KB) January 16, 2002

Australia
Australia: Report on the Observance of Standards and Codes-Data Module (PDF File :1.23 MB) November 30, 2010
Australia: Report on the Observance of Standards and Codes - FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :286 KB) November 20, 2006
Australia: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Insurance Regulation, Securities Regulation, and Payment Systems (PDF File :676 KB)
Note :Published as part of a Financial System Stability Assessment
October 23, 2006
IMF Staff Involvement in the Preparation of a Pilot Transparency Report for Australia April 15, 1999
IMF Staff Involvement in the Preparation of a Pilot Transparency Report for Australia April 15, 1999
IMF Staff Involvement in the Preparation of a Pilot Transparency Report for Australia April 15, 1999
IMF Staff Involvement in the Preparation of a Pilot Transparency Report for Australia April 15, 1999

Austria
Austria: Report on Observance of Standards and Codes-FATF Recommendations for Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :374 KB) December 1, 2009
Austria: Financial System Stability Assessment, including Reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Securities Regulation, Insurance Regulation, and Anti-Money Laundering and Combating the Financing of Terrorism (PDF File :466 KB)
Note :Published as part of a Financial System Stability Assessment
August 5, 2004

Azerbaijan, Republic of
Republic of Azerbaijan: Report on the Observance of Standards and Codes - Data Module, Response by the Authorities, and Detailed Assessment Using the Data Quality Assessment Framework (DQAF) (PDF File :1.19 MB) August 7, 2008
Azerbaijan Republic: Report on Observance of Standards and Codes--Fiscal Transparency Module--Update (PDF File :105 KB)Update June 6, 2003
Azerbaijan Republic: Report on Observance of Standards and Codes--Data Module; Response by the Authorities; and Detailed Assessment Using Data Quality Assessment Framework (PDF File :894 KB) March 31, 2003
Report on the Observance of Standards and Codes (ROSC): Azerbaijan -- Fiscal Transparency November 13, 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.