Japan regulator: we are racing to finish FRTB in 2018

Japanese banks warn against rushing rules with poor data, and fret over EU delays

shunsuke-shirakawa-2
Shunsuke Shirakawa, Japan Financial Services Agency

A leading Japanese regulator has warned that the Basel Committee must complete its revamp of the market risk capital framework before the end of 2018, or face a further delay to implementation beyond 2022.

But Japanese banks fear this tight schedule is insufficient to collect the data necessary to calibrate the Fundamental Review of the Trading Book (FRTB) correctly, and also worry about an unlevel playing field if Europe moves more slowly than Japan.

“FRTB is now the single most important

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