Fundamental Review of the Trading Book (FRTB)
BoE’s Bailey expects global consensus on FRTB internal models
UK is reviewing proposals from US and EU regulators before finalising its IMA rules
US banks hoping for end of DFAST global market shock
As Fed consults on stress-test reform, lobby group argues regulator is double-counting market risk
Thedéen remains positive about Basel III implementation
Basel Committee chair says reports of the death of global co-operation are ‘greatly exaggerated’
How to solve the Fed’s $300bn FRTB problem
A sacrifice will have to be made to ensure new market risk rules meet demands for capital neutrality
European Commission already preparing next FRTB move
As EC runs out powers to delay rules again, proposal for temporary capital relief is on the agenda
Bank of England floats ‘quasi-IMA’ in FRTB standardised method
Dealers welcome new route to capitalising residual risk, but it could fragment global ruleset
BoE delays implementing new market risk framework until 2028
Finalising it could be “tenuous dream”, says expert
FDIC’s McKernan wants single capital stack in Basel III endgame
Rebuffing Barr’s offer of a partial rollback, Republican director also targets op risk framework
Attention shifts to US, UK after European Union postpones FRTB
Global timeline still unclear, with banks hoping lawmakers will use delay to soften rules