The Clearing House joined other trades in a comment letter responding to the May 6 FSB Data Gaps Initiative statement on Launch of Phase 2 funding template and Quantitative Impact Analysis (QIA) for Phase 3. While the associations expressed their gratitude for FSB’s industry outreach on this initiative, the letter sought clarity on the timing and sequencing of the Phase 2 templates and Phase 3 QIA. Additionally, the letter commented on: (i) the consistency of amounts to be reported, (ii) the reporting criteria of the memo items, and (iii) the confidentiality of data submitted for Data-Hub purposes.