FRTB data pooling crawls into action
Dealers voice concerns on data pooling as industry initiative to model risk factors faces significant challenges
Industry-wide attempts to establish a data pooling service as part of efforts to comply with new market risk rules have stumbled amid concerns over privacy issues, data standardisation and a lack of clarity from regulators, sources say – holding banks back from committing to the service.
The non-modellable risk factors (NMRF) framework – part of the Basel Committee on Banking Supervision's Fundamental review of the trading book (FRTB) – will force trading desks that use an internal models-based
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