Fourteen US banks poised to benefit from curtailed market risk rule
Fed’s changes to Basel III endgame proposal would keep regional banks with limited trading activity exempt from costly FRTB requirements
Fourteen US banks have been spared new, costly market risk modelling requirements designed to align with the Fundamental Review of the Trading Book (FRTB), after the US Federal Reserve rolled back the thresholds it had proposed last year as part of the Basel III endgame package.
In a speech at the Brookings Institution yesterday (September 10), Fed vice-chair for supervision, Michael Barr, announced that new rules regarding market risk and credit valuation adjustment (CVA) modelling will only
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