Easing the pressure of FRTB implementation

The Fundamental Review of the Trading Book (FRTB) is designed to improve the resilience of the financial system and reduce the risks associated with trading. However, the already complex new Basel rules for market risk capital – which place stringent demands on banks’ risk management processes, data and infrastructure – have also been subject to diverging timelines and different interpretations across jurisdictions.

In this video, Colleen Cosgrove, chief solutions officer at ActiveViam, discusses the progress banks have made to date, the key challenges that remain and how technology is helping to do more of the heavy lifting.
 

00:30 – Why are the new FRTB guidelines crucial?

01:20 – What new concerns have arisen in light of recent US bank failures?

01:52 – What progress have firms made with the FRTB implementation?

02:33 – What are the biggest challenges the FRTB implementation will pose for firms?

04:12 – What would be the impact of a delay in the US implementation?

05:48 – What challenges would data and infrastructure implementation pose in the process?

06:44 – How are vendors best able to support banks in the journey to FRTB compliance?

09:25 – How are the new FRTB guidelines expected to change the landscape for financial firms in the future?

 

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