Praying for Another Day: As FRTB Looms, Banks Prepare
Industry testing for FRTB will begin in 2019 with implementation coming in 2020, though there is hope that personnel changes at the Basel Committee will lead to some extra leeway.
In finance, chaos begets regulation and regulation begets confusion. That has generally been the cycle since the global financial crisis first took hold in 2008. Take, for example, the implementation of BCBS 239. Ayana Cavelle Richards is as close to an expert on the set of principles that were laid out by Basel Committee on Banking Supervision (BCBS) as there is.
While speaking at this year’s North American Financial Information Summit (Nafis), Richards, vice president of data governance for
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