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What is FRTB - Fundamental Review of the Trading Book?

Trading Desk Structure = Aligned to Business Strategy
FRTB is Global Volcker is US
Trading Desk Instruments = Strict instrument Boundaries (Volcker had no clear delineation)

Trading Desk to be separated to
  • Market Making
  • Underwriting
  • Risk-Mitigating Hedging
  • Other Permitted Proprietary Trading activities


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