Beyond FRTB compliance, leveraging regulation to optimize market risk management
editIn brief
- While FTRTB regulations are not new, the upcoming implementation timelines are forcing institutions to finalize their compliance approach
- One of the primary challenges in implementing FRTB is managing and integrating vast amounts of data from multiple sources, including trading systems, risk management platforms and external data providers. Ensuring data quality, consistency and timeliness is critical for demonstrating accuracy of risk calculations towards the liquidity of underlying risk factors
- Many banks have turned to external systems providers to complement their existing systems, streamlining the additional burden and exceed the principles of the regulations, and unlocking considerable value and insight for the business they operate
David Cassonnet
Senior Vice President
Hugh Richards
Ecosystem Strategy, Banking and Capital Markets Solutions, DXC Luxoft
Welcome to the third article in the Enterprise Resource Management thought leadership series. In the preceding articles with Kynec and SmartStream Technologies, we explored the areas of cross-desk optimizations and the liberation of data from existing multi-desk trading environments.
Financial markets continue to transform, driven by regulatory changes, technological advancements and the increasing complexity of global markets. One of the most significant regulatory developments in recent years is the Fundamental Review of the Trading Book (FRTB).
While set to be implemented by January 2025, many banks, ahead of the final implementation date, have already been deploying changes to support this regulation for some time, identifying challenges and opportunities to optimize their existing solutions.
In this article, co-authored by David Cassonnet, Senior Vice President of ActiveViam, we explore the optimization opportunities of not just meeting the principles of this regulation but surpassing them with the support of third-party providers in the pursuit of achieving regulatory and operational excellence.
Originally published on DXC.com
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