The G20 has published a leaders’ communiqué following their Antalya summit on 15 and 16 November 2015.
Among other things the communiqué notes that the G20 leaders:
- have finalised the common international standard on total-loss-absorbing-capacity for global systemically important banks;
- look forward to further work on central counterparty resilience, recovery planning and resolvability and asked the Financial Stability Board to report back by the next summit;
- will further strengthen oversight and regulation of shadow banking to ensure resilience of market-based finance, in a manner appropriate to the systemic risks posed;
- will expedite efforts to make further progress in implementing the over-the-counter derivatives’ reforms, including by encouraging jurisdictions to defer to each other, when it is justified in line with the St. Petersburg Declaration; and
- are committed to full and consistent implementation of the global financial regulatory framework in line with the agreed timelines, and will continue to monitor and address uneven implementation across jurisdictions.
The next G20 leaders’ summit will be in Hangzhou in September 2016.
View G20 Leaders’ Communiqué: Antalya Summit, 15-16 November 2015, 16 November 2015