Also, one could argue that the NSFR should have aimed for a more complete term structure in order to protect against maturity mismatches within and beyond the one-year mark, and to create stronger incentives for firms to extend the maturity of their funding arrangements.
10  See Daniel K. Tarullo (2014), “Dodd-Frank Implementation,” testimony before the U.S. Senate Committee on Banking, Housing, and Urban Affairs, September 9. 11  Under the U.S. rule implementing the LCR, the LCR would apply to banking organizations with total consolidated assets of $ billion or more or total consolidated on-balance-sheet foreign exposures of $ billion or more.