The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Podcasts

How to Source and Manage Data for FRTB – The Challenges and Opportunities

Sourcing and managing data for Fundamental Review of the Trading Book (FRTB) compliance is no mean feat, but there are options and choices to be made as firms within the scope of the regulation build out compliance programmes ahead of its January 2022 deadline.

A panel session at A-Team Group’s recent FRTB briefing in London discussed these options and choices, focusing on the requirements of the Internal Model Approach (IMA) and the Standardised Approach (SA) and discussing their differing data demands, what each model means for capital requirements, and the impact it could make on products and trading desks. Diving into the detail of the models, particularly the IMA, the panel considered how to source all the internal and external data required for compliance, such as historical time series data for price observation associated with non-modellable risk factors (NMRFs), and high quality reference data for instrument classifications and market data to enrich trade data sets.

While FRTB compliance was described by one panellist as a ‘massive data management exercise’, the conversation also turned to the potential benefits of compliance, with another noting ‘If you are a large bank, the IMA is a huge data management burden, but the ability to normalise and link data together will extend way beyond FRTB compliance’.

Listen to our podcast on sourcing and managing data for FRTB to hear the complete conversation.

Related content

WEBINAR

Recorded Webinar: Market data management, licensing and administration in the post-Covid environment

Market data administration has always been a challenge. For many firms, keeping tabs on permissioning and entitlements, compliance with licensing agreements, and reconciling all that with increasingly complex invoices requires a significant dedicated resource with a clear understanding of the issues involved. As if that weren’t enough, things got more challenging for these teams in...

BLOG

GLEIF Moves LEI Uses Cases on from Regulatory Compliance to Digital Identity Products

The Global Legal Entity Identifier Foundation (GLEIF) is extending use cases of the LEI beyond regulatory reporting to solutions initially including digital certificates. The first commercial demonstration of LEIs embedded within digital certificates has been made by the China Financial Certification Authority (CFCA), which has also signed up as a validation agent within the global...

EVENT

TradingTech Summit London

TradingTech Summit London will explore how trading firms are innovating in today’s cloud and digital based environment to create flexible, scalable trading platforms to support speed to market and business agility. Leveraging the cloud, AI and ML technologies to get an edge, automate processes and simplify operations in a cost effective way is the name of the game and will share practical insight from practitioners and technology leaders who are innovating and driving forward change in trading operations.

GUIDE

ESG Handbook 2021

A-Team Group’s ESG Handbook 2021 is a ‘must read’ for all capital markets participants, data vendors and solutions providers involved in Environmental, Social and Governance (ESG) investing and product development. It includes extensive coverage of all elements of ESG, from an initial definition and why ESG is important, to existing and emerging regulations, data challenges...