## Guidance Note for Staff on Undertaking Targeted (Risk-Based) Reports on the Observance of Standards and Codes (ROSCs) in Financial Regulation and Supervision

_Policy Papers, October 6, 2010_

## Source details

**Canonical URL:** [Guidance Note for Staff on Undertaking Targeted (Risk-Based) Reports on the Observance of Standards and Codes (ROSCs) in Financial Regulation and Supervision](https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684)

## Other formats

- [Markdown version](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684/index.md)
- [Structured JSON version](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684/index.json)
- [Bundle manifest](/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684/bundle-manifest.json)

## Bibliographic details
- Published: October 6, 2010
- Series: Policy Papers
- Stock No: ISBN

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### Background and purpose
- In September 2009, the International Monetary Fund (IMF) and the World Bank (WB) Boards approved changes to the Financial Sector Assessment Program (FSAP).
- Objectives of the FSAP changes:
  - (i) make it more flexible and better-aligned with country needs as well as IMF and WB financial sector priorities and core responsibilities;
  - (ii) enhance the quality, candor, and comparability of assessments; and
  - (iii) better-integrate FSAP analysis into the institutions’ evolving mandates.

### Summary of scope and emphasis
- The guidance note is oriented to IMF staff undertaking targeted (risk-based) ROSCs in financial regulation and supervision, within the context of the updated FSAP.
- Emphasis points:
  - Flexibility and alignment with country needs and institutional priorities.
  - Enhanced quality, candor, and comparability of assessments.
  - Better integration of FSAP analysis into evolving institutional mandates.

### Subject tags (as listed on the page)
- Bank regulations
- Bank supervision
- Financial sector
- Financial Sector Assessment Program
- Reports on the Observance of Standards and Codes

### Related publication/promotional elements shown on page
- Policy Papers (site section)
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*Source: Guidance Note for Staff on Undertaking Targeted (Risk-Based) Reports on the Observance of Standards and Codes (ROSCs) in Financial Regulation and Supervision — https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684*

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## Content in this bundle

- **_100510c - Sections 1 and 2**
  - [_100510c - Sections 1 and 2 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2010/_100510c.pdf.md){rel="alternate" type="text/markdown"}
  - [_100510c - Sections 1 and 2 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/np/pp/eng/2010/_100510c.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/policy-papers/issues/2016/12/31/guidance-note-for-staff-on-undertaking-targeted-risk-based-reports-on-the-observance-of-pp4684_