Numerix: FRTB - The Technology Considerations and What You Need to Know
Posted: 3 April 2017 | Source: Numerix
- One of the most pressing issues for banks may be the need to meet up with new technology requirements as aging legacy infrastructures have been over tasked and are often “band-aided” to meet post financial crisis regulatory demands, such as FRTB.
- Adhering to the new IT challenges will likely require costly and time-consuming overhauls of risk systems. A big question is what technology strategy will be best suited to respond?
- We highlight what we consider to be the necessary building blocks to achieve the right technology infrastructure to enable a successful FRTB implementation.
- For banks, having the capacity to meet the new requirements and adapt to the influences driving them can present significant opportunities.