EU edges closer to calming FRTB fund-linked fray
Dealers say temporary solution is a step in the right direction but won’t fully resolve all issues
Banks in the EU have cautiously welcomed a temporary fix – proposed by the European Commission – to post-crisis market risk capital rules that have long been a source of conflict between banks and regulators. But they still fear that it falls short in mitigating costs for fund-linked derivatives, a popular product among dealers in the bloc.
On March 24, the EC unveiled a hotly anticipated consultation on future actions it may take to amend the EU’s version of the Fundamental Review of the Trading
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