Industry divided on case for European phase-in of FRTB
Isda AGM: transition period may allow time for Basel to recalibrate rules, panellists note
Market participants are divided over whether the European Union needs to include a transition period in its proposed implementation of the Basel Committee’s Fundamental review of the trading book (FRTB), given the likelihood of a long legislative timeline to introduce the new rules in any case.
Speaking at the International Swaps and Derivatives Association annual general meeting in Lisbon on May 10, Isda chairman Eric Litvack suggested the European Commission’s proposed 65% scalar on market
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