South African banks may pool quants to tackle FRTB
Senior trader fears banks don't have quant resources to meet FRTB implementation deadline
South Africa doesn't have enough quantitative analysts in its finance industry to implement the incoming overhaul of the trading book risk framework before the deadline, according to one of the country's senior traders, who suggests banks should formally share quant resources to save time and cut costs.
Speaking at the Risk South Africa conference today (March 10) in Cape Town, Garth Klintworth, head of markets trading at Barclays Bank Africa, said the looming implementation of the Basel
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