Under new Basel rules, we are moving from the world of risk modelling to the world of real-time risk reporting. Capital markets firms are increasingly looking to link their trading desks, in real-time, to their risk engines. The Fundamental Review of the Trading Book, which has to be implemented by the bank by January 2022, will require significant upgrading of trading and risk systems, including the key challenge is testing that multiple data streams are being rendered accurately in these systems as well as the dashboards of both traders and risk managers.
This is an invitation-only seminar event for banking professionals, hosted by QA Financial and Delphix. There will be speakers from leading investment banks and also the systems vendors.
This session will have a special focus on Basel’s Fundamental Review of the Trading Book, which comes into force in 2022 and is prompting investment banks to re-think both risk reporting, and the testing and risk reporting systems. Additionally, as firms increasingly automate software development, how do they identify the critical trading and risk apps that will be scrutinised by regulators? What lessons have they learned from compliance with MiFID II, GDPR and IFRS9, and how are regulators re-shaping their view of IT risk?
As Basel requires us to complete the move a world of risk modeling to one of real-time risk reportings, capital markets firms are addressing the technical challenges of linking trading desks, in real-time, to their risk engines. The Fundamental Review of the Trading Book, which has to be implemented by January 2022, brings with it new testing and data management requirements that will impact on implementations for the leading trading and risk systems. The purpose of the panel discussion is to discuss those challenges and share information and options in a confidential, Chatham House Rule environment.