Will the UK’s FRTB time warp turn into a horror show?
UK regulator’s proposed transition year in 2027 could double banks’ implementation work
Sometimes you can have too much choice. The UK Prudential Regulation Authority wants to allow banks to choose how to implement new trading book capital rules, but not everyone is enthusiastic. Firms can either jump straight to one possible new version of the rules, or somehow distort time by using a mix of old and new approaches simultaneously.
For the largest dealers, it all looks like a rather
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