FRTB: industry eager to see reported swaps data used

Author: John Crabb | Published: 4 May 2018

There have been calls to utilise the significant amount of reported data that has been collected across the world in swap data repositories in the years following the financial crisis, ahead of full implementation of Fundamental Review of the Trading Book (FRTB) in 2022.

This was one of the underlying themes at the International Swaps and Derivatives Association (Isda) annual general meeting in Miami last week. FRTB was central to several panels across the two days, with consensus suggesting that the industry is moving comfortably along the path towards implementation and that it supports the move by the Basel committee and regulators collectively.

David Lynch, deputy associate director at the Federal Reserve Board (Fed), also confirmed during the 'What’s next for Bank Capital?’ session that the US will play its part and comply with the updated standards. We are expecting it to be finalised by the end of the year,...