Chartis: FRTB in place by 2020? You go first…

Regulators have had a reality check over the Fundamental Review of the Trading Book (FRTB). Their initial expectations – that banks would have systems in place to address FRTB’s requirements by the end of 2019 – are now looking unrealistic. The banks’ attitude has gone from blind panic to something more measured – and they’ve started to push back. Both sides now seem willing to accept that getting ready for FRTB is going to take more time.

FRTB is called ‘fundamental’ for a reason: for banks

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