Industry divided on whether Europe should delay FRTB
Most bankers prefer to keep to earlier start date, even though it puts continent out of sync with US.
The Fundamental Review of the Trading Book is set to take effect at different times in major jurisdictions, with Europe due to adopt the new market risk capital requirements in January 2025 and the US following suit six months later. Yet there remains disagreement in the market about whether starting early is the best way forward for Europe.
The International Swaps and Derivatives Association is in favor of delaying the start date in the EU and the UK, and thereby putting the continent in sync
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