At prior Summits, G-20 Leaders asked the Financial Stability Board (“FSB”) to develop a policy framework to address the systemic and moral hazard risks associated with systemically important financial institutions. The development of the critical policy measures that form the parts of this framework has now been completed. The FSB and the Basel Committee on Banking Supervision have now identified an initial group of 29 globally systemically important banks (“G-SIFI”). These G-SIFIs will need to meet the resolution planning requirements by end-2012.