The Financial Stability Board (FSB) has issued two proposals for consultation on Friday setting out guidance on the implementation of its resolution standards for systemically important banks as part of the global effort to end “too big to fail” policies in the banking sector.

One proposal deals with its standard on total loss-absorbing capacity (TLAC), which sets out the instruments and liabilities that global systemically important banks (G-SIBs) should have available in case they run into financial difficulty and face resolution. The proposed guidance sets out principles to support the implementation of the TLAC requirements.

The other proposal deals with the objective of ensuring that a bank that is in resolution has access to financial market infrastructure firms (FMIs), such as clearing and settlement and payment systems.

“To maintain continuity of critical functions in resolution, it is necessary to ensure the parallel continuity of the services that underpin them, including those provided by FMIs,” the FSB’s proposal says.

The proposed guidance seeks to address the risk of a bank in resolution being unable to maintain its access to these critical clearing, payment, settlement and custody services.

“Distribution of TLAC within a G-SIB is a key aspect of making resolution work on a cross-border basis, and this consultation paper will provide valuable guidance to authorities as they implement TLAC in their jurisdictions,” says Elke König, chairwoman of the FSB’s resolution steering group, in a statement.

“Similarly, continuity of access to financial market infrastructures is essential to maintaining stability and market confidence in resolution,” König added. “Taken together, implementation of these proposals will go a long way to making G-SIB resolution feasible and credible and ending ‘too-big-to-fail’.”

The FSB is seeking comments on the proposals by Feb. 10, 2017.