Financial Stability Board (“FSB”) member jurisdictions have agreed to undergo both thematic and country peer reviews. Thematic peer reviews will focus on the implementation across the FSB membership of policies or standards agreed within the FSB, with particular attention to consistency in cross- country implementation and the effectiveness of the policy or standard in achieving the intended results. Country peer reviews will focus on the implementation and effectiveness of financial sector standards and policies agreed within the FSB in achieving the desired outcomes in a specific member jurisdiction, notably through systematic and timely follow up to relevant recommendations arising from an IMF-World Bank Financial Sector Assessment Program or Reports on the Observance of Standards and Codes. The Handbook sets out guidelines for the conduct of FSB peer reviews.