G20 has published a communiqué following the meeting of finance ministers and central bank governors in Washington. It is pleased with progress in enhanced structural reforms and reiterated its commitment to finalising the remaining core elements and implementation of financial sector reform, with particular reference to Basel III and the total loss absorbing capacity (TLAC) standard. It also noted forthcoming initiatives on structural risks posed by asset management and shadow banking entities and on work to enhance central counterparty (CCP) resilience. (Source: G20 publishes Washington communiqué)