The Clearing House Association filed a comment letter with CPSS and the IOSCO, in response to their Consultative Report on the Recovery and Resolution of Financial Market Infrastructures. TCH urged CPSS-IOSCO to convene expert panels on insolvency law as well as FMI specific operational concerns, and to issue another round of commentary which takes into consideration the pressing concerns included in TCH’s comment letter and the findings from the experts prior to issuing a final proposal.