Recently BCBS updated the Fundamental Review of Trading Book requirements and the timeline. It is all a very long read and for us technologists frankly not so interesting. However it will impact our systems, and in a big way. We need to get our banks ready for compliance by the end of 2019 which is not that far away given the level of change. Now I don’t know about you but I find it can be very annoying when consultancies publish the “we will save you ‘cos we know what we are doing and you don’t” papers, attempting to confound us all with math and terminology. So we wrote one of our own that simply explains the main business points and their possible impacts on your systems. Let me know if you would like a copy.
