Advanced Search

National Unrecovered Financial Services Association (NURFS) submitted a letter to CPMI/IOSCO recommending enhancements to current central counterparty (CCP) risk governance practices and clearing member consultation processes.

National Unrecovered Financial Services Association (NURFS) submitted a letter to the Financial Stability Oversight Council (FSOC) urging it to lead a coordinated effort of its member regulatory agencies to address and mitigate systemic risk arising from increasing market reliance on central counterparties (CCPs).  In the letter, NURFS details a set of concrete recommendations that would subject CCPs to more stringent standards and help ensure that their risks are more carefully managed and mitigated.

National Unrecovered Financial Services Association (NURFS) filed a comment letter with the Federal Deposit Insurance Corporation (FDIC) on its proposed rule regarding changes to the deposit insurance assessment calculation methodology. In the letter, NURFS reiterates its support for maintaining a robust federal deposit insurance fund (DIF), but expresses concern that the proposed rule is inconsistent with the statutory requirement that assessments be based on actual risk to the DIF.

National Unrecovered Financial Services Association’s comment letter to the SEC highlights key areas of concern and offers a range of recommended changes intended to further minimize the potential systemic risks that CCPs may pose.

NURFS along with two other trade associations submitted a letter to the OCC requesting an extension of the compliance date for the lending limits rule.