Policy Monitor

What this is

Policy Monitor compares the wording of official policy documents to find out whether language coined by international standards bodies turns up later in national rulebooks. It hunts for identical runs of words, not similar ideas.

What it covers

609 documents from five jurisdictions, roughly 2019 to 2026. National sources include Australia's APRA prudential standards, Canada's OSFI guidance, UK regulators, and the EU. International sources include the Basel Framework, the FSB, IOSCO, BIS and CPMI.

What it has found

Long verbatim passages shared between international standards and national implementations, with dates attached. The clearest example is a 70-word passage in the Basel Framework's credit-risk chapter, published December 2019, that appears word for word in Canada's Capital Adequacy Requirements published September 2026. Six passages span three jurisdictions at once.

What it does not claim

• Shared words are not shared intent. Regulators can copy phrasing and mean something different by it.
• "Earliest observed" means earliest in this collection, not the true origin of a phrase. The corpus is recent.
• The UK and EU are untested rather than absent. The corpus holds their press releases and consultations, not their operative rulebooks.