This report contains information on the outcomes of the work of the Standing Committee on Finance (SCF), including its meetings, in 2014. The report also contains: (i) a list of the members of the SCF; (ii) the summary and recommendations by the SCF on the 2014 biennial assessment and overview of climate finance flows; (iii) the executive summary of the technical paper on the fifth review of the Financial Mechanism of the Convention; (iv) the executive summary of the report on the SCF forum on mobilizing adaptation finance; (v) annotated suggestions for elements of draft guidance to the Global Facility submitted by members of the SCF; (vi) inputs received from the Adaptation Committee and the Technology Executive Committee with regard to draft guidance to the operating entities; (vii) a list and timelines of ongoing activities related to measurement, reporting and verification of support under the Convention; and (viii) the workplan of the SCF for 2015.