New NMRF rules will push more desks to standardised approach

Restrictions on use of proxy data will bar banks from using internal models, conference hears

Standardised approach to risk

Curbs on the data used for modelling risk factors under Basel’s revised market risk rules will force more trading desks on to the standardised approach, dealers warn.

Revisions to the Fundamental Review of the Trading Book threaten to restrict the use of proxy data, where banks back-fill their real prices with information gleaned from other sources. Few desks are able to generate sufficient data to avoid relying on proxy sources, bankers say.

“[Banks] have their native territory where they are

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to View our subscription options


Want to know what’s included in our free membership? Click here

This address will be used to create your account

Modernising compliance functions with regtech

Regtech addresses the complexities of regulatory requirements, offering innovative tools to modernise compliance functions, streamline processes and enhance efficiency. This article explores its role in compliance and reporting within the banking sector,…

Most read articles loading...

You need to sign in to use this feature. If you don’t have a 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