EU banks fear outlier status on non-modellable risk charges
Dealers face disadvantage if EU implements more granular and costly version of FRTB than US, UK
This is the first of two articles examining the implementation of the Fundamental Review of the Trading Book in the European Union. The second article on the treatment of sovereign debt is available here.
The Basel Committee on Banking Supervision’s trading book rules, finalised in January 2019, were as complicated as anything the global standard-setter has produced. Translating them into
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