EU banks seek FRTB delay, citing ‘strain’ of virus

Europlaza tower Paris — Europlaza Tower, Paris, where the EBA is newly headquartered

Photo: Daniel Rodet/Wikimedia Commons

Samuel Wilkes
@wilkkes
07 Apr 2020

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European banks and trade bodies are asking for a delay in applying new market risk reporting rules, thanks to the added pressure of coronavirus on market risk teams, sources have told Risk.net.

The International Swaps and Derivatives Association is said to be drafting a letter to the European Commission to request a reporting delay for the Fundamental Review of the Trading Book. Sources say industry bodies have been submitting requests to supervisors and regulators since March 27. Isda declined

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