Impacts of FRTB’s Fragmented Implementation
The Fundamental Review of the Trading Book (FRTB) is now live in some countries and is supposed to be live by July 2025 for the major financial markets where local regulators have provided near-final rules. However, there are differences in how and when the rules are being implemented in each jurisdiction.
Many market practitioners are concerned that the divergent FRTB timelines and fragmented rules could cause major problems in the industry. But is the fragmented implementation truly an issue?
Join Franck Rossi of Numerix as he provides an update on FRTB challenges due to the heterogeneous timelines and rules.
Mr. Rossi covers:
- Global timelines for FRTB by jurisdiction
- Possible regulatory arbitrage
- Quirks of the Standardized Approach
- Counterintuitive aspects of the Internal Model Approach
- Key takeaways
Featured Speakers
Franck Rossi
Franck Rossi is a Vice President of Product Management at Numerix, responsible for product strategy and thought leadership related to banking and derivatives regulations. He also works with clients to understand and document their requirements so Numerix can develop the required functionality in its software. Prior to joining Numerix, Mr. Rossi worked at Thomson Reuters in Product Management in Regulations, Analytics and Structured Products, and at HSBC in Interest Rate Structured Products. He holds an MSc in Finance and Mathematics from Paris-Dauphine University.
Greg Murray
Greg Murray is responsible for increasing awareness of the Numerix brand in financial markets around the globe, as well as conducting strategic industry research for different departments within Numerix. Previously, he oversaw product and field marketing initiatives at the company, and he started his tenure in a sales role. Prior to Numerix, Mr. Murray worked in derivative analytics sales roles at other software firms, and he held derivative trading positions for seven years as an option market-maker and proprietary trader across a variety of asset classes.
