The G20 published a communique following the meeting of finance ministers and central bank governors in Washington D.C. on 16th and 17th April 2015. The communique addresses a number of issues including:
- Committing to finalising the proposed common international standard on total loss absorbing capacity for global systemically important banks, and calling on the International Association of Insurance Supervisors ("IAIS") to finalise higher loss absorbency requirements for global systemically important insurers;
- Identifying and addressing gaps on the resilience, recovery and resolution of central counterparties ("CCPs"), and asking the Financial Stability Board to report on progress in this regard;
- Enhancing cross border co-operation to enable greater effectiveness of regulations, in particular on resolution and OTC derivatives markets reforms;
- Asking the Financial Stability Board to convene public and private-sector participants to review how climate-related issues can be incorporated into the financial sector considerations.