FRTB and the Compute Bottleneck

FRTB and the Compute Bottleneck

Thought Leadership Webinar: The Fundamental Review of the Trading Book (FRTB) is a set of market risk capital rules developed by the Basel Committee.  Regulators adopting the framework will soon begin examining Capital Adequacy provisions at a desk level rather than at an institutional level.  In order to continue using their internal models, banks must begin to share an unprecedented amount of computed risk figures for every trade.  This poses a significant technical and financial challenge for banks without a scalable compute infrastructure.

 


Presented By:
Alan Shannon
Head of Cloud Trading Technologies
First Derivatives


Date:
November 13, 2019


Time:
10:00 a.m. - 11:00 a.m. US EST
3:00 p.m. - 4:00 p.m. GMT


Session Length:
60 minutes

 

About This Webinar


The Fundamental Review of the Trading Book (FRTB) is a set of market risk capital rules developed by the Basel Committee.  Regulators adopting the framework will soon begin examining Capital Adequacy provisions at a desk level rather than at an institutional level.  In order to continue using their internal models, banks must begin to share an unprecedented amount of computed risk figures for every trade.  This poses a significant technical and financial challenge for banks without a scalable compute infrastructure.

This webinar will cover the reasons for the increased focus on Market Risk, the emerging regulatory expectations, the technical challenges in implementing them, and a look at the public cloud as a solution to part of the problem.  

Participants will gain insight into:

  1. The challenges in validating internal models for desk use under FRTB.
  2. Why a financial institutions current infrastructure is probably not sufficient.
  3. High Performance computing solutions using the public cloud. 

About Our Expert  

  
 
 

Alan Shannon is an Irish citizen and is Head of Cloud Trading Technologies at First Derivatives.  He has spent over 16 years managing major Front Office and Risk Technology projects in Europe, North America and Asia.  Alan’s current focus is on helping clients leverage Cloud Technologies to innovate and drive efficiencies in their business and save money.

 

Continued Risk Learning Credits: 1

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email learning@prmia.org.

  Registration  
  Membership Type Price  
       
  Sustaining, Corporate, and RIM Members $ FREE  
  Contributing Member $ 35  
  Non Member $ 75  
       

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When
11/13/2019 10:00 AM - 11:00 AM
Where
Thought Leadership Webinar
 

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