The Fundamental Review of the Trading Book (FRTB) defines a set of revised standards proposed by the Basel Committee on Banking Supervision (BCBS) in the wake of the 2007-2008 financial crisis. It represents an extensive overhaul to the framework for calculating minimun regulatory capital requirements associated with Market Risk exposures in banks Trading Book.
Complying with FRTB entails changes in data usage, front office systems and risk management and monitoring processes to ensure exceptional data quality, the highest possible degree of completeness, optimal timeliness, and consistent use of data across desks and functions.
To meet the current expected FRTB reporting deadline of January 1st, 2022, banks need to source new data implement new technologies and significantly upgrade existing workflows.
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To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
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The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
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