Banks may end up having to transform a huge amount of data to comply with reporting requirements under the Fundamental Review of the Trading Book (FRTB), according to an expert.
First published in FOW, 2 October 2018
Introduced by the Basel Committee, the FRTB overhauls capital requirements for market risk to address shortcomings in the existing Basel III framework.
Banks will be required to perform calculations and submit their reports under the new rules from January 1 2022. However, a reporting standard has not yet been mandated.
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