The Bank of Hangzhou has expanded its use of Murex’s MX.3 platform by implementing the Fundamental Review of the Trading Book (FRTB) solution using the Standardized Approach (SA). This move ensures compliance with the updated market risk capital rules set by China’s National Financial Regulatory Administration (NFRA), which adopted Basel Committee guidelines in November 2023.
The bank initially deployed MX.3 in 2021 to manage capital markets activities across front-office, back-office, and risk functions. Following a detailed evaluation, the bank selected Murex’s preconfigured FRTB-SA solution to meet the January 2025 compliance deadline. The integration was completed in eight months, streamlining risk management processes and reducing manual reconciliation efforts.
Murex leveraged its experience from over 40 FRTB projects to assist in the implementation. The seamless integration of the FRTB solution with the existing MX.3 platform has enhanced the bank’s operational efficiency, improved model validation, and accelerated the launch of new products, positioning the bank for future growth in a more stringent regulatory environment.
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