Peter Knaack presents to the IMF
As the GEG flagship project, Navigating Global Banking Standards, is reaching completion, Professor Emily Jones and fellow GEG members are actively engaged in disseminating the research results on how developing countries respond to global financial standards. Recently, Dr Peter Knaack had the opportunity to speak with policymakers at the IMF headquarters in Washington, DC. The Fund kindly hosted a seminar for a group of staff members from the SRP (Strategy, Policy, and Review) and MCM (Monetary and Capital Markets) Departments, where Peter presented the key takeaways from our research and participated in a discussion on how cross-border inconsistencies in policy advice by the Bank and the Fund can be addressed. Policymakers agree that the Fund can do more to advise low-income client countries on the challenges of implementing Basel II/III and the benefits of proportionality in global standards implementation.