The G20 has published a communique following the meeting of finance ministers and central bank governors in Washington earlier this month. Among other things, the communique: (i) looks forward to the FSB’s public consultation in mid 2016 on policy recommendations to address structural vulnerabilities associated with asset management activities; (ii) reiterates their commitment to progressing work to enhance CCP resilience, recovery planning and resolvability; (iii) reiterates that it is essential that all countries and jurisdictions fully implement the FATF standards on transparency and beneficial ownership of legal persons and legal arrangements; and (iv) asks the FATF to strengthen its work on identifying and tackling loopholes and deficiencies that remain in the financial system and ensure that the FATF standards are effective and comprehensive and fully implemented.
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G20 April 2016 communique on financial services issues
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