About

The Commonwealth Regulatory Network is a voluntary association of regulators and supervisors from around the Commonwealth. The initiative is a response to the mandate set by Commonwealth Finance Ministers to find means of strengthening the linkages amongst financial sector regulators in Commonwealth countries. The main components of the Network include a web-based forum; peer review or bi-lateral assistance; short term attachments; and partnerships for the delivery of training.

The Network provides a valuable resource for member countries and enhances the international effort to raise regulatory standards. For developing countries, benefits include:

• a practical mechanism of support for the challenges faced in implementing global standards and responding to global processes;

• a forum for discussion and review of policies and standards;

• a pool of learning and development resources; and

• practical on-the-ground training to build competence among staff.

For developed countries, participation in the Network offers:

• a fuller understanding of the challenges facing developing countries in the implementation of global standards;

• a channel for identifying and helping fill strategic needs of developing countries in areas in which they may consider they have particular expertise;

• an opportunity to provide an input into training and capacity building; and

• an avenue for making a specific contribution to the collective Commonwealth efforts in promoting an inclusive approach to global policy making.

For the Commonwealth as a whole, as well as responding to the requirement from Commonwealth Finance Ministers, the development of a network of regulators gives practical expression to the commitment of promoting partnerships between the members.

Download the Commonwealth Regulatory Network overview