Revealed: the three EU banks applying for IMA approval
BNP Paribas, Deutsche Bank and Intesa Sanpaolo ask ECB to use internal models for FRTB
It’s been a long time coming, but applications to use internal models under new market risk capital requirements are now on the table. Three sources, including one with direct knowledge, say three banks in the European Union have asked permission to use their own models under soon-to-be-implemented trading book rules. Four sources identify BNP Paribas as one of the banks applying for model approval, while three of those also identify Deutsche Bank and Intesa Sanpaolo.
The banks are understood to
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