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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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National Unrecovered Financial Services letter to FSB seeks clarity on the timing and sequencing of the Phase 2 templates and Phase 3 QIA.

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National Unrecovered Financial Services Association joined IIF, GFMA, and FFI in a letter to the Financial Stability Board on its G-SIB Common Data Template.

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National Unrecovered Financial Services Association filed a comment letter with the Financial Stability Board on its consultative document, Application of the Key Attributes of Effective Resolution Regimes to Non-Bank Financial Institutions.

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NURFS filed a comment letter to CPSS and IOSCO on two consultative reports: Assessment Methodology for the Principles for FMIs and the Responsibilities of Authorities and Disclosure Framework for Financial Market Infrastructures.
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