The topics covered during the session included both strategic and operational aspects, such as:
- the expected implementation timelines and the implications of an uneven application across jurisdictions;
- the impact of the new requirements on the business;
- the programme, budget ask, resourcing needs and roadmap laid out for compliance;
- and the steps being undertaken to overcome some of the challenges that FRTB poses, whether from a data, a technology or an analytics standpoint.
Representatives from some leading international financial institutions such as Deutsche Bank, Bank of America Merrill Lynch, Nomura, HSBC, UniCredit, RBS and Santander attended.