**G20 Finance Ministers and Central Bank Governors**
The G-20 Finance Ministers and Central Bank Governors’ will meet in Chengdu on July 23-24. Click [here](http://www.imf.org/external/np/g20/pdf/2016/072116.pdf) for an Executive Summary of the note prepared by the IMF Staff for those meetings – Global Prospects and Policy Challenges.
**Financial Stability Board (FSB)**
The FSB met in Chengdu, China today to discuss current vulnerabilities and progress in addressing priority areas and deliverables for the G20 Leaders’ Summit in Hangzhou in September, including:
* Supporting the full, timely and consistent implementation of post-crisis reforms, while remaining ready to address any material unintended consequences.
* Addressing new and emerging vulnerabilities in the financial system, including potential financial stability risks associated with market-based finance, misconduct, and the reduction in correspondent banking relationships.
* Promoting robust financial infrastructure, by working with the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) to assess policies on central counterparty (CCP) resilience, recovery and resolvability, and to recommend any necessary improvements.
* Promoting effective macroprudential policymaking, by examining jointly with the International Monetary Fund (IMF) and the Bank for International Settlements (BIS) lessons learned from national and international experience.
Group of Twenty is a global platform for government heads, finance ministers, and central bank governors from major economies of the world to study, review, and hold high-end debates about latest policy issues that promote financial stability globally. This year its summit will be held in China.
**About the FSB**
The FSB promotes global financial stability by coordinating the development of regulatory, supervisory and other financial sector policies and conducts outreach to non-member countries. It achieves cooperation and consistency through a three-stage process, including monitoring implementation of agreed policies.