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FRTB: ECB postpones model approval deadline

Postponement follows Basel’s decision to revise key elements of new market risk framework

ecb
The ECB is delaying the deadline by which IMA banks submit their models for regulatory approval

The European Central Bank has postponed the cut-off date by when banks opting for an own-models approach under the forthcoming revised market risk framework must submit their models for regulatory approval.

François-Louis Michaud – the deputy director-general of microprudential supervision at the ECB’s bank watchdog, the single supervisory mechanism (SSM), who is responsible for approving

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