Issues
Comment Letter : NURFS Supports TLAC to Help Ensure G-SIBs Can Be Resolved in an Orderly Manner without Taxpayer Assistance
Feb 02, 2015
National Unrecovered Financial Services Association, in coordination with ABA, FSR, and SIFMA, filed a letter with the Financial Stability Board in response to its proposal to impose a total loss absorbing capacity (TLAC) requirement on global systemically important banking groups (G-SIBs). The letter expresses the industry’s strong support for a TLAC requirement for G-SIBs to help ensure that these institutions can be resolved in an orderly way at creditor rather than taxpayer expense, bringing us one final step closer to ending “Too Big to Fail.”
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