International Codes and Standards: the Developing Country Perspective
Speakers
Dr Benu Schneider Overseas Development Institute/UNCTAD
Alastair Clark Executive Director, Bank of England
Professor T.C.A. Anant Delhi School of Economics
Mr D.T.S. Ballali Governor, Bank of Tanzania
Miranda S. Goeltom Deputy Governor, Bank of Indonesia
Javier Guzman Director of International Affairs, Banco de Mexico
Aziz Ali Mohammed Advisor to Chairman, G-24
Avinash Persaud State Street
Michael Metcalfe State Street
David Lubin HSBC
Lionel Price Fitch Sovereign Ratings
Michael Bates Oxford Analytica
Description
After the crisis in emerging market economies in the mid-late 1990s, the adoption of internationally recognised standards, or codes of good practices, was seen as a way to help strengthen the international financial system. In April 1999, the Financial Stability Forum (FSF) was established and a set of codes and standards were defined at the international level.
Many emerging markets have undertaken reforms in order to reduce their vulnerability to a crisis by improving the transparency of their economies and financial sectors in order to discourage the accumulation of imbalances.
The seminar provided a platform for experts to discuss and examine the countries which have embarked on implementing codes and standards in order to understand the problems which arise and the lessons to be learnt from their experiences. Our speakers come from international governments, central banks and financial institutions included: