The Group of Central Bank Governors and Heads of Supervision met to agree key regulatory measures that should reduce the probability and severity of economic and financial stress. They discussed:

  • raising the quality, consistency and transparency of the Tier 1 capital base;
  • introducing a leverage ratio, internationally harmonised;
  • introducing a minimum global standard for funding liquidity;
  • a framework for countercyclical capital buffers above the minimum requirement; and
  • recommendations to reduce the systemic risks of resolution of cross-border banks.