DTCC’s FRTB Service has won “Best in RegTech” at the 2020 Markets Choice Awards. Markets Media made the announcement in a virtual ceremony on May 14.
DTCC’s FRTB service is a comprehensive “real” price observation data solution that is helping banks globally comply with the Fundamental Review of the Trading Book – or FRTB.
The service enables banks to meet their “real” price criteria and effectively and efficiently perform critical RFET (Risk Factor Eligibility Test) for NMRF (Non-Modellable Risk Factors) stress tests.
FICC, a subsidiary of DTCC, was also honored at the Markets Choice Awards with a win for Best Clearinghouse.