G20 has published a communiqué following the meeting of G20 Leaders in Antalya. This summit focused on financial regulation, international tax, anti-corruption, reform of the International Monetary Fund, climate change, energy and trade. G20:
- endorsed the final standard on total loss absorbing capacity for global systemically important banks and the higher loss absorbency requirement for global systemically important insurers;
- sought FSB feedback on further work on central counterparty (CCP) resilience, recovery planning and resolvability;
- wished to make further progress in reforming the implementation of over-the-counter derivatives; and
- commissioned a report on financial architecture from G20 finance ministers and central bank governors.
(Source: G20 Publishes Antalya Communiqué)