Harmonisation of FRTB data compliance requirements by local jurisdictions is crucial
09-08-2022 | treasuryXL | Refinitiv | LinkedIn |
Banks face uncertainty over changing responsibilities under the Fundamental Review of the Trading Book (FRTB), but potential jurisdictional divergence on new requirements for data vendors could add greater complexity to the roll-out of these new rules.
Banks were given a temporary reprieve on the road to FRTB compliance after the Basel Committee on Banking Supervision pushed implementation back to January 2023. The new requirements aim to tighten criteria for measuring market risk exposure by reconsidering the scope of the trading book and improving the quality of the data and calculations banks use when measuring market risk exposure.
While banks may see an increase in capital requirements because of the new rules, it remains to be seen how different interpretations of the rules by local regulators could impact market complexity.
Click here to read the whole article in which Fausto Marseglia (Head of Product Management, FRTB and Regulatory Propositions
at Refinitiv) gives his view on he topic.
Find here Refinitiv’s data solution for the Standardised Approach of FRBT
