FRTB survey: internal model approval tops list of bank fears

Two years on from its devising, chunks of the new market risk framework remain 'unworkable'

Illustration of judgement concept

Expensive; time consuming; complex; unclear – that's how the banks charged with implementing the Basel Committee's Fundamental review of the trading book (FRTB) describe it in's inaugural survey.

The 20-question survey was sent to regional players, rather than the industry's global titans. Eleven took part, including representatives from North and South America, Europe, and Asia-Pacific. Together, they paint a picture of an industry that is only just setting out on the road to FRTB

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