ECB tells IMA banks to apply before rules are complete

Dealers criticise “unreasonable” timetable for FRTB model approvals, revealed in September call

ecb-frankfurt-3
ECB may require IMA applications while rules are still under construction

European banks that want to calculate their own trading book capital requirements will have to apply for approval before the rules have been finalised, under a timeline sketched out by the European Central Bank in a September 29 conference call with banks.

The schedule gives banks just over a year to build their models. Dealers say this is unrealistic, in large part because key elements of the rules will not be finalised – including a revised version of the test that acts as a gateway to the

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: