On September 21, 2014, a Communiqué of the G20 Finance Ministers and Central Bank Governors was published following the meeting held in Cairns, Australia. The Communiqué notes that the following work is in progress ahead of the Brisbane Summit in November 2014: (i) a plan to ensure greater consistency in  the application by banks of the Basel III standards; (ii) a proposal from the FSB  on a common standard for total loss absorbing capacity for globally systemic  banks and for cross-border recognition of resolution actions; (iii) FSB final proposals for its shadow banking framework; and (iv) the FSB’s review of its structure of representation that responds to emerging markets.

The Communiqué is available at: