Fundamental Review of the Trading Book Data Management Implications-iCEDQ

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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