On November 16, 2015, the G20 Leaders published a communiqué about their recent summit in Antalya. The press release, amongst other things, refers to enhancing the resilience and stability of financial institutions and systems, noting that core elements of the financial reform agenda have been completed, such as the finalization of the Total Loss-Absorbing Capacity for Global Systemically Important Banks. Further work is however going, in particular on: (i) CCP resilience; (ii) recovery planning and resolvability; (iii) the decline in correspondent banking services; and (iv) the implementation of OTC derivatives reforms. The G20 leaders will next meet in Hangzhou, China, in September 2016.
The communiqué is available at: https://g20.org/wp-content/uploads/2015/11/G20-Antalya-Leaders-Summit-Communiqu--.pdf.
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