Key financial services issues to be discussed at the forthcoming G20 summit on 4 - 5 September 2016 include the following: (i) financial regulatory reform needs to remain high on the G20 agenda and discussions will centre around the Basel III and the resolution framework for central counterparties (CCPs); (ii) FATF will be encouraged to fully implement its strategy to combat terrorist financing and take steps to enhance the effectiveness of the network of FATF and FATF-Style Regional Bodies; and (iii) consistent implementation of the total loss absorbing capacity (TLAC), effective co-operation in the event of cross-border resolution and finalising OTC derivatives reforms remain priorities. After the summit, the next milestone will be the G20's proposals on beneficial ownership in co-operation with FATF.