FRTB Special report
When the Basel Committee on Banking Supervision completed its Fundamental review of the trading book (FRTB) in January 2016, the hard work began for the banks. In practice, the final rules for each jurisdiction have yet to be drafted, and there are still many fine points that need clarifying to facilitate implementation.
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FRTB: a work in progress
Banks cannot wait for clarification but must forge ahead
No way out: The road to FRTB compliance
Sponsored feature: Murex
The P&L attribution mess
FRTB model approval regime dogged by confusion and controversy
Banks fear FRTB internal model approval gridlock
UK regulator said to have concerns about the high volume of simultaneous approval requests
Banks fear costs from loss of AAD under simpler FRTB rules
Trading book regime may force use of more expensive and time-consuming ways of computing risk sensitivities
Regulations, sensitivities and adjoints: Using AAD for FRTB and FRTB-CVA
Sponsored feature: CompatibL
Lining up the fundamentals
Sponsored Q&A: Asset Control, Murex, Vector Risk, CompatibL, Parker Fitzgerald and Numerix
Land of confusion: FRTB and the calculation burden
Sponsored feature: Quaternion Risk Management
The decentralisation trap: The FRTB standardised approach
Sponsored feature: Vector Risk
Attribution of risk measures for improved risk and capital control
Sponsored feature: GFT
Freeing up the front office
Sponsored feature: Parker Fitzgerald
Blueprint for FRTB: Building a future-state business strategy
Sponsored feature: Numerix