Abstract
In the aftermath of the 2007–9 global financial crisis, the global standard setting process evolved into a comprehensive policy development cycle with collaboration across various international organizations. The Financial Stability Board (FSB) and the Standard Setting Bodies (SSBs) have responsibility for identifying needs for additional regulation or further harmonization; proposing, assessing, and agreeing on standards; implementing rules; and evaluating impact prior to proposing refinements. The International Monetary Fund (IMF) contributes to the analysis through its participation in the various organizations and bringing its analytical capacities to bear on a variety of macro-financial questions, and providing an independent voice.