GreySpark believes that these requirements will force banks to review their business and operational models in order to strategically decide how to reorient the affected lines of business or to close them outright.
The implementation and compliance process associated with the FRTB will be lengthy for many banks, and the resulting long-term re-evaluations of affected business lines will also be both lengthy and complicated as the responsibility of risk assessment and management within the financial markets-facing functions of each bank will fall under the purview of individual trading desks.
In anticipation of the operational and technical challenges associated with the FRTB for banks, GreySpark has launched a new range of consulting services that are specifically tailored to assist the sellside with implementing and complying with the regulations across all affected areas of the business. GreySpark believes that approaching compliance proactively with a methodology favouring the use of precise, granular data will help the sellside get ahead of their compliance requirements.
