Praying for Another Day: As FRTB Looms, Banks Prepare

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In finance, chaos begets regulation and regulation begets confusion. That has generally been the cycle since the global financial crisis first took hold in 2008. Take, for example, the implementation of BCBS 239. Ayana Cavelle Richards is as close to an expert on the set of principles that were laid out by Basel Committee on Banking Supervision (BCBS) as there is.

While speaking at this year’s North American Financial Information Summit (Nafis), Richards, vice president of data governance for

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