(Editor’s note: The Basel Committee has set forth what has become known as “the fundamental review of trading book [FRTB] capital requirements.” The new regulation is changing the capital framework for banks and is an attempt to strengthen capital standards for market risks, according to the backers of FTRB. Subsequently, financial services firms have been… Read More >>
Ops for New Cap Reqs Could Get Costly
Tier-1 banks face implementations costs ranging from $60 million to $150 million over the next three years as they strive to meet the revised standards for minimum capital requirements for market risk set by the Basel Committee on Banking Supervision, according to a new report from market research firm Celent. “As firms execute implementation efforts… Read More >>
Banks Still Store Risk-Related Data in Silos: Study
Banks have been keeping risk-related data in silos for decades despite the fact that this has been a well-documented problem. A new study by risk management consultancy, InteDelta, and financial data management solutions provider, Asset Control, shows that in many cases the walls have not been broken down. The survey, which interviewed 13 banks between… Read More >>
Wolters Kluwer: FTRB Could Be a Headache for Firms
Financial firms should start planning in advance for how well they’ll be able to comply with the Basel Committee for Banking Supervision’s (BCBS) proposed Fundamental Review of the Trading Book (FRTB) – or whether they’ll have to at all, according to a new whitepaper out by consultancy Wolters Kluwer Financial Services. The FTRB is currently… Read More >>
