Modernizing the Legal Framework for Surveillance - An Integrated Surveillance Decision

Policy Papers, June 26, 2012

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Canonical URL: Modernizing the Legal Framework for Surveillance - An Integrated Surveillance Decision

This paper proposes a draft Integrated Surveillance Decision (ISD) for adoption.
As part of broader efforts to strengthen Fund surveillance, the Fund is modernizing its legal framework to better support operations.
In April 2012, the Fund’s Executive Board discussed "Modernizing the Legal Framework for Surveillance—Building Blocks Toward an Integrated Surveillance Decision".
That April 2012 paper highlighted key weaknesses in the current legal framework for surveillance and provided proposals for addressing them.
Most Directors agreed that introducing a new surveillance decision covering both bilateral and multilateral surveillance would help address these weaknesses.
Directors in particular agreed with the general proposed approach to fill the gaps in bilateral surveillance through multilateral surveillance.

Introduce a new Integrated Surveillance Decision (ISD) for adoption.
Cover both bilateral and multilateral surveillance under a unified decision.
Use multilateral surveillance to fill gaps identified in bilateral surveillance.

Executive Board discussion of the building-blocks paper occurred in April 2012.
Publication date on the landing page: June 26, 2012.
Chicago citation presented on the page: Modernizing the Legal Framework for Surveillance - An Integrated Surveillance Decision, (USA: International Monetary Fund, 0) accessed 8/28/2026.

Source: Modernizing the Legal Framework for Surveillance - An Integrated Surveillance Decision (June 26, 2012).