Mitigating Risk

DTCC’s Response to FRTB Delay

By DTCC Connection Staff | Apr 08, 2020

DTCC’s Response to FRTB Delay

In response to the announcement that FRTB implementation has been delayed from January 2022 to 2023, DTCC’s Tim Lind, Managing Director of DTCC Data Services, said:

“DTCC supports The Group of Central Bank Governors and Heads of Supervision’s decision to delay the implementation of new capital rules for trading desks, known as the Fundamental Review of the Trading Book (FRTB), by one year to January 2023, as a result of the Covid-19 pandemic. FRTB, together with other aspects of Basel III, will enhance minimum capital requirements, making banks even more resilient in times of crisis. Given the previous timeline of January 2022, preparations should already be well underway across the industry, and we encourage market participants to continue to advance their work in this area. We remain fully committed to working with our clients to prepare for the new deadline.”

DTCC recently published a new perspectives paper to help banks navigate the coming rules. Read it herehttps://www.dtcc.com/-/media/Files/Downloads/WhitePapers/FRTB-White-Paper.pdf

To learn more about our FRTB service, please visit DTCC.com/FRTB

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