Double trouble: don’t blur FRTB deadlines, warns ECB
Ignoring reporting model deadline could muddy capital approval cut-off
Eurozone banks are on the horns of a dilemma. With implementation of the Fundamental Review of the Trading Book (FRTB) in sight, the European Central Bank has warned that if they don’t submit their internal model reporting applications, banks could miss out on the crucial capital requirements deadline.
But banks are conflicted: should they throw resources into getting reporting models approved –
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