Japan regulator: new FRTB will help uniform Asian uptake
Relaxation of non-modellable risk factors, among other revisions, welcomed by FSA
The latest iteration of the Basel Committee’s market risk capital regime has allayed the concerns previously raised by Asian watchdogs and provides a framework for uniform implementation across the region, a senior Japanese regulator says.
The January 2019 revisions to the Fundamental Review of the Trading Book tackled criticisms over the frequency of price observations required for risk factors to be eligible for modelling, the aggregation of risk factors from different asset classes and the
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