On 18 November 2020, the Financial Stability Board (FSB) published its 2020 Resolution Report.

In relation to banks the report notes that global systemically important banks (G-SIBs) are estimated to already meet the final 2022 minimum external total loss absorbing capacity (TLAC) requirement. While disclosure of external TLAC levels by G-SIBs has improved over the past year, little information is available to market participants on the distribution of TLAC within banking groups. Work is ongoing on the management, distribution and transferability of these resources. For central counterparties (CCPs) the report notes that recent. Enhancing the resilience of CCPs remains an FSB priority.