Joint Associations' Letter to GHOS and BCBS on FRTB

The joint associations (IIF, ISDA, GFMA) sent a letter to the Governors and Heads of Supervision (GHOS) and the Basel Committee on Banking Supervision (BCBS) requesting that the timeline for finalizing the fundamental review of the trading book (FRTB) be reconsidered in order to assess changes to key components of the FRTB since the third consultation document.'  The additional time will allow adequate assessment of impact on products and markets to ensure that this is aligned with the overall public policy goals.' ' ' '