FRTB survey: internal model approval tops list of bank fears

Two years on from its devising – and two years out from its implementation – large parts of the Basel Committee’s new market risk framework currently remain unworkable. That’s according to the banks charged with implementing it, who responded to Risk’s 2016 FRTB implementation survey – and many are only just waking up to the scale of the challenge

Expensive; time consuming; complex; unclear – that's how the banks charged with implementing the Basel Committee's Fundamental review of the trading book (FRTB) describe it in Risk.net's inaugural survey.

The 20-question survey was sent to regional players, rather than the industry's global titans. Eleven took part, including representatives from North and South America, Europe, and Asia-Pacific. Together, they paint a picture of an industry that is only just setting out on the road to FRTB