Bloomberg updates risk analytics platform to cope with FRTB regional shifts
The data giant is also rolling out updates for climate risk and asset liability management on its platform.
Bloomberg is tweaking its Multi-Asset Risk System to include region-specific regulations in the risk analytics software. The update came about in part due to the ongoing Basel III endgame measures, particularly the Fundamental Review of the Trading Book.
Dharrini Bala Gadiyaram, global head of risk products at Bloomberg, says that adding new features to MARS has allowed customers to be more flexible considering the regulation’s regional differences. MARS users will be able to account for
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