At the November 2011 Cannes Summit, the G20 Leaders endorsed the implementation of an integrated set of policy measures to address the risks to the global financial system from systemically important financial institutions (G-SIFIs). The FSB and national authorities, in consultation with IAIS, have now identified an initial list of nine G-SIIs based on a methodology developed by the IAIS. The group of G-SIIs will be updated annually and published by the FSB each November based on new data, starting from November 2014.The policy measures that will apply to G-SIIs are consistent with the policy framework published by the FSB in November 2011. They include for each G-SII: i)The recovery and resolution planning requirements under the FSB's Key Attributes of Effective Resolution Regimes; ii) Enhanced group-wide supervision, including the group-wide supervisor to have direct powers over holding companies and to oversee the development and implementation of a Systemic Risk Management Plan; iii) Higher loss absorbency requirements (HLA), to be met by the highest quality capital.