Global Correspondence

GFMA Response to FSB Consultation Paper on Evaluation of the Effects of Too-Big-to-Fail Reforms

GFMA welcomes the opportunity to comment on the Financial Stability Board’s Evaluation of the effects of too-big-to-fail reforms.

We commend the FSB for its work in putting together a comprehensive and broad-ranging consultative paper. We agree with the paper’s overall findings that the TBTF reforms have been largely successful, reducing both systemic risk and the need for direct government support to institutions during periods of stress.

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