S&P shutters NMRF solution amid audit questions
Vendors face adverse economics due to a low number of IMA banks and prospects of regulatory easing.
S&P Global has discontinued a data solution intended to help banks comply with new trading book capital rules. The vendor had offered one of the most prominent services for banks seeking to overcome a major hurdle for the adoption of internal models to calculate market risk capital requirements.
“S&P Global continually evaluates its product portfolio in light of client needs, regulatory expectations and data rights. Earlier this year, we decided to discontinue our NMRF offering,” says a
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