Europe’s biggest banks are running out of time
to implement major new capital rules.
The Fundamental Review of the Trading Book (FRTB) involves
new minimum capital requirements for market risk, and is
designed to pull together various strands of existing
legislation and establish a boundary between a
firm’s banking and trading book. It’s
part of a package of global reforms from the Basel Committee on
Banking Supervision finalised in 2014, then amended in
But according to speakers at an industry event last week,
the timeline is a challenge – and Brexit is causing
even more problems....