On September 21, 2014, the FSB’s report (dated September 15, 2014) to the G20 Finance Ministers and Central Bank Governors on financial reforms was published. The report: (i) provides a brief update on the global reform initiative;(ii) requests support for the proposals for a common standard for total loss absorbing capacity for globally systemic banks and on cross-border recognition of resolution actions; (iii) sets out the FSB’s thoughts on how to change the structure of its representation to help build a system of common international standards; and (iv) describes how the FSB sees its role following finalization of the global financial reform framework.

The report is available at:

http://www.financialstabilityboard.org/publications/r_140921.pdf.