Bloomberg works with banks on FRTB data pool

Pooling market risk factor data could cut capital requirements

Into the blue: co-operation raises confidentiality concerns as banks are cautious about sharing data

Banks are considering pooling their data in an attempt to hold down trading book capital – an unprecedented step in the market risk space, which could create an opportunity for data vendors and others. Bloomberg is already working with the industry to sketch out how such a service might work, including the big hurdle of sharing information among rival banks.

"It started through multiple one-on-one client interactions, which were addressing the practical implementation of the Fundamental review