Basel group shake-up has banks hoping for FRTB changes

Barger and Durand replaced by BoE's Nesbitt; banks want fresh look at P&L test

The Bank for International Settlements, Basel
Banks hope the new Basel Committee group will be more "open-minded"
Ulrich Roth

Banks are hoping to get a fresh hearing for their complaints about new market risk standards, after a change of leadership at the regulatory group that drew up the regime.

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