In this issue:

- G20 Leaders Summit

- Bank Prudential Regulation & Regulatory Capital

- Bank Structure

- Derivatives

- Enforcement

- Financial Market Infrastructure

- Financial Services

- Recovery & Resolution

- Shadow Banking

- Events

- Excerpt from G20 Leaders Summit:

G20 Leaders' Communiqué -

On November 16, 2014, the G20 Leaders published a Communiqué following the summit held in Brisbane on November 15 and 16, 2014. On financial reforms, the G20 Leaders welcome the recent proposals for global systemically important banks (“G-SIBS”) to hold additional loss absorbing capacity, endorse the roadmap for shadow banking reform and call on regulatory authorities to further progress on implementing derivatives reforms.