This report responds to a request from the G20 for an update on progress of the FSB’s ongoing resolution work. The report reviews what has been achieved so far and sets out further actions to fully implement the FSB’s Key Attributes of Effective Resolution Regimes for Financial Institutions (Key Attributes) and ensure that all global systemically important financial institutions (G-SIFIs) are resolvable. It also reports the findings from the annual Resolvability Assessment Process (RAP) for global systemically important banks (G-SIBs) and global systemically important insurers (G-SIIs). The report concludes that while the development of policies to address the risks posed by too-big-to-fail banks is largely complete, there is still some work necessary to implement those policies. Also, more work is needed to put in place effective policies and regimes for systemically important non-bank financial institutions, in particular central counterparties and systemic insurers. Good progress has been made in the implementation of the Key Attributes through legislative reforms in many jurisdictions, but renewed efforts are necessary to ensure that regimes consistent with the Key Attributes are in place in all FSB jurisdictions.