Waters Wavelength Podcast: Bloomberg on FRTB
Bloomberg's Eugene Stern and Brad Foster discuss data challenges relating to the Fundamental Review of the Trading Book (FRTB).
Wei-Shen Wong, Asia Editor, and Anthony Malakian, Editor-in-Chief of WatersTechnology, record a weekly podcast touching on the biggest stories in financial technology.
To hear the full interview, listen in the player above, or you can click on the download button in the player above.
You can also listen to us on Spotify.
This week, Eugene Stern, head of market risk product, and Brad Foster, head of enterprise data content at Bloomberg respectively, join Tony on the podcast to talk about a range of topics relating to the Fundamental Review of the Trading Book and how firms are looking for product offerings that are more modular and flexible.
4:00 Eugene and Brad join the podcast.
6:00 Eugene talks about why firms are still struggling with FRTB implementations.
10:00 Brad details the data challenge and how it presents an opportunity for banks to review their data management strategies.
13:30 To have that consistency and alignment in data management strategies, what do firms need to address today?
16:00 FRTB brings about a change in the balance between regulatory capital calculations and risk measures for internal risk management. For example, the internal model approach has gotten very challenging to implement due to very specific requirements. Instead, banks are tending towards the standardized approach from a reg cap perspective.
22:00 Eugene talks about bringing data and analytics together as a strategy and how Bloomberg builds its offering.
25:00 Then they discuss the lessons learned along the way in better helping clients with the FRTB journey.
30:00 Bloomberg is looking at ways to plug the data gaps that clients by providing modularity and flexibility.
35:00 There could be parallels to the challenges for FRTB to Libor transition.
Contact Info:
As is the case with everything we do, we'd love to get some feedback from our listeners.
Wei-Shen Wong: + 852 3411 4758; [email protected]
Anthony Malakian: + 1 646 490 3973; [email protected]
Past 10 episodes:
Episode 221: Tech Execs Discuss Innovation in 2020
Episode 222: Grasshopper’s John Lin on Using Tech for Good
Episode 223: IBM’s Likhit Wagle on Cloud Adoption
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Regulation
Waters Wavelength
Waters Wavelength Podcast: Asian exchanges
Keiren Harris, a strategy-based market data consultant and founder of DataCompliance, joins the podcast to talk about exchanges in Asia and their data strategies.
Subscribe to Weekly Wrap emails
Most read
- Asset managers look to raw NGO data for ESG insights
- Sell-Side Technology Awards 2021: Best Sell-Side Analytics Product—Numerix
- Quandl goes live with new dataset for measuring dollar value of patents
- Ping An Asset Management zooms in on NLP models for sentiment analysis
- Finra taps AWS for next-gen regulatory search tools