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Ref no: A18/2015

The Financial Stability Board (FSB) will hold an on-the-record briefing session on 9 November in Basel in advance of the Antalya G20 Summit to provide an update on FSB work. Mark Carney, Chairman of the FSB will give details on the final term sheet for Total Loss-Absorbing Capacity (TLAC) for global systemically important banks, the FSB’s first annual report on the Implementation and effects of the G20 financial regulatory reforms and the FSB’s annual Resolution progress report.

Please note that Mr Carney will only answer questions in his capacity as Chair of the FSB. He will not answer questions on UK monetary or economic policy.

Press briefing details

When? Monday, 9 November 2015 starting at 08.30 (Basel time). Registration from 08.00. The briefing will last approximately 45 minutes.
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Where? Bank for International Settlements
Centralbahnplatz 2
CH-4002 Basel

A dial in facility will be available. To register for the press briefing journalists should contact the FSB by e-mail by midday (Basel time) on Friday 6 November.

Journalists will receive an embargoed copy of the final TLAC standard and the other reports no later than 14.00 (Basel time) on Sunday 8 November. The embargo will be lifted at 09.30 (Basel time) on Monday 9 November following the briefing session.

A technical briefing session on the TLAC standard, hosted by Svein Andresen, FSB Secretary General, will be available for journalists from 09.30 in Basel together with a dial-in. If you would also like to attend this session please make clear in your registration e-mail.

About the Financial Stability Board

The FSB has been established to coordinate at the international level the work of national financial authorities and international standard setting bodies and to develop and promote the implementation of effective regulatory, supervisory and other financial sector policies.

The FSB is chaired by Mark Carney, Governor of the Bank of England. Its Secretariat is located in Basel, Switzerland and hosted by the Bank for International Settlements.