The views and opinions expressed in this article are those of the thought leaders as individuals, and are not attributed to CeFPro or any particular organization.
By Frederic Lebrun, Global Head of Customer Success, ActiveViam
Why should banks concentrate on FRTB implementation when the U.S. Fed has yet to disclose its interpretation of the final Basel rules?
Even though the US interpretation of the Basel rules are not yet finalized we already know about a minimum set of necessary data and computing requirements (core to Basel rules) that may prove challenging for banks if they don’t invest in the appropriate infrastructure early.
Modern internal risk management practices also call for a more advanced data processing and data analysis capacity so paying attention to FRTB at the same time is key to making more efficient infrastructure investments, to support both regulatory and internal risk needs.
The main ideas here are anticipating and seeking synergies to maximize overall ROI.