In 2009, the G20 Leaders committed to ensuring that all standardised over-the-counter (OTC) derivatives contracts are cleared through central counterparties (CCPs). Increased use of central clearing of derivatives is intended to enhance financial stability. At the same time, fully realising the benefits of CCPs requires CCPs to be subject to strong regulatory oversight and supervisory requirements. The FSB, CPMI, IOSCO and BCBS agreed a workplan to coordinate their respective international policy work aimed at enhancing the resilience, recovery planning and resolvability of CCPs, and to work in close collaboration. To support these efforts, these bodies also agreed to establish a joint study group to identify, quantify and analyse interdependencies between CCPs and major clearing members and any resulting systemic implications. The agreed workplan focuses on CCPs that are systemic across multiple jurisdictions. This report provides an update against the agreed workplan.