SIFMA. SIFMA. The Global Financial Markets Association (GFMA) provides a discussion note to the Financial Stability Board (FSB) on significantly important financial institution (SIFI) loss absorbency proposals submitted to the FSB Standing Committee on Supervisory and Regulatory Cooperation.
GMFA focuses on the proposals under consideration by the FSB and the Basel Committee on Banking Supervision (BCBS) relating to the establishment of additional loss absorbing capacity for SIFIs. The paper takes the position that GFMA and its members do not think a SIFI capital buffer should be adopted. SIFMA.