An interesting aspect of the new structure is that in each of our own countries
intense pressure can force the national standard setters to issue bad
compromise standards. As individual national standard setters, we were not
able to rise above the competitive disadvantage argument. However, if the
IASB and national standard setters move in tandem under the new structure
(the partnership) the competitive disadvantage argument disappears.” (Street
2002, p. 85).