This report contains information on the outcomes of the work of the Standing Committee on Finance (SCF), including its meetings, in 2015. The report also contains: a list of the members of the SCF; the summary report on and recommendations of the third forum of the SCF; the agreement by the SCF to dedicate its 2016 forum to financial instruments that address the risks of loss and damage associated with the adverse effects of climate change; the two draft decisions containing draft guidance to the operating entities of the Financial Mechanism of the Convention; the recommendations of the SCF on methodologies for reporting financial information by Parties included in Annex I to the Convention; a draft workplan on measurement, reporting and verification of support; an outline of the 2016 biennial assessment and overview of climate finance flows; recommendations and conclusions relating to the future institutional linkages and relations between the Adaptation Fund and other institutions under the Convention; and the workplan of the SCF for 2016–2017