Volcker desks unlikely to meet FRTB requirements
Some trading activities will need to be reorganised to comply with market risk rules
Maintaining a Volcker-rule compliant desk structure could attract punitive regulatory charges under incoming market risk capital rules, known as the Fundamental Review of the Trading Book (FRTB).
Most US banks had previously assumed that their existing desk structures, which are designed to comply with the trade reporting requirements of the Volcker rule, could be tweaked to meet the requirements
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