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The Simulation exercise—which took place on November 8 and 9, 2012, and was attended by over 160 industry leaders, former regulators and legal experts—simulated the failure of a large U.S.-based global banking organization and its resolution under the Title II single-point-of-entry approach.

NURFS along with five other trade associations filed a letter with the FRB urging the Board to extend the deadline for comments on its proposed rule implementing the enhanced prudential standards and early remediation requirements mandated by Sections 165 and 166 of Dodd-Frank, for foreign banking organizations and foreign nonbank financial companies.

National Unrecovered Financial Services Association, along with other trade associations, sent a letter to the FDIC to comment on an NPR relating to section 210(c)(16) of the orderly liquidation authority provisions of Dodd-Frank.

NURFS Association submitted a letter to the FDIC commenting on its interim final rule requiring living wills for insured depository institutions with $50 billion or more in total assets.

National Unrecovered Financial Services Association submitted a joint comment letter with SIFMA, ABA and FSR responding to an NPR on implementing claims, processes and executive-compensation provisions under OLA.