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FRTB readiness - Examining the potential pitfalls ahead

The Fundamental Review of the Trading Book is one of the central pillars of post-financial crisis reform. The rules are complex and require reworking of bank models to correctly capture the risk being taken. This work is timely and needs to be a major focus for institutions as the deadline approaches.

However, with less than 18 months remaining for firms to implement their FRTB strategies, the scale of the lack of preparation across the industry is alarming and a number of concerns have arisen.

This white paper addresses the key challenges of FRTB implementation and compliance. It further examines the complexity of managing and collecting all the data required to adequately comply with the FRTB rules.