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  • 4 - Standard-Setting and Organizational Resilience

  • from Part II - Evolution and Resilience in Banking and Finance
  • Edited by Panagiotis Delimatsis, Tilburg University, The Netherlands, Stephanie Bijlmakers, Tilburg University, The Netherlands, M. Konrad Borowicz, Tilburg University, The Netherlands
  • Book:
    The Evolution of Transnational Rule-Makers through Crises
    Published online:
    27 July 2023
    Print publication:
    10 August 2023, pp 85-100
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  • Summary

    Standards are valuable not only to their users but also to the organizations that develop and promote them. It is simplistic to only view the economic function of standards from the standpoint of its use cases. We should also recognize and examine how the setting of standards contributes to the empowerment of private standard-setting organizations and their advocacy agenda. This chapter analyzes the standard-setting activities of the Institute of International Finance and argues that those activities are an important factor that accounts for its continued existence and relevance.