The FRTB regulation is expected to come into force by 2022, therefore it is critical that 2019 is a productive year for implementing change to be on track for the compliance timeline. Whether a company is aiming for the mandatory Standardized Approach (SA) or for the voluntary Internal Models Approach (IMA), the programs often represent a significant investment in change and it is important to be able to demonstrate an ongoing benefit.
The programs for FRTB implementation are multi-year and run concurrently to other key change programs such as LIBOR Transition and SA-CCR. With volatile markets and an uncertain economic environment for 2019, we consider how a bank can best utilize their change program budgets to deliver incremental value along the way.
Using our expertise in strategic regulatory change, Capco has established a framework to help financial institutions to review their 2019 FRTB planning to maximize the benefits.