RiskTech Forum

Wolters Kluwer: Fundamental Review of the Trading Book - Are you covered?

Posted: 1 October 2015  |  Source: Wolters Kluwer


The Basel Committee for Banking Supervision’s (BCBS) proposed Fundamental Review of the Trading Book (FRTB) – currently under industry consultation – aims to address the management of risk within financial firms’ trading books.

Specifically, it seeks to deal with what it considers to be weaknesses in the current design of the regulatory capital framework as it relates to the trading book, by applying more rigorous qualification requirements for both the trading and banking books and for changes in the constitution of both.

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