Getting in shape for the FRTB has to start now
Many banks are lagging behind when it comes to ensuring they are fit for the new trading book regime
Thomas Obitz is founder and director of RiskTransform, a London-based consultancy that works with banks on regulatory change. Jochen Theis is head of market risk models at Standard Chartered Bank in Singapore
In January 2016, the Basel Committee on Banking Supervision published the final rules resulting from its Fundamental review of the trading book (FRTB). The rules are due to come into effect at the end of 2019.
The economic impact is large: according to an impact study published by three
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