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.

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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;  wei-shen.wong@infopro-digital.com

Anthony Malakian: + 1 646 490 3973; anthony.malakian@infopro-digital.com

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Episode 220: ESG in the News

Episode 221: Tech Execs Discuss Innovation in 2020

Episode 222: Grasshopper’s John Lin on Using Tech for Good

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Episode 224: Mental Health

Episode 225: GameStop

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Episode 228: Automated bars

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