The FRTB Challenge
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The greatest challenge of FRTB is the data governance, management of all of the data and analytics and bringing all of it together. There is a good feeling when banks can feel adequately  positioned in terms of our expertise in time series, integration with pricing models and analytics from tools such as ERMNIS. Allowing a consistent framework around data sets to perform centrally computed risk. As an enterprise risk data management company, the ERMNIS solution to what is vastly becoming the biggest challenge to change the regulatory landscape.  The key objective being to identify a market leader accelerator to actually get towards compliance, market survey showed there isn’t one silver bullet to solve FRTB and that, given the complexity of infrastructures within banks, that more point to point in solving these problems that can adapt to a risk architecture is going to be the critical path forward. The systems must build upwards from within the auspices of BCBS 239 compliance, especially in terms of good data management, data quality and the data lineage and verified data.
A key measure is not just the management of data within clients market data security management master system, but also the integration of existing databases and the different silos for the different asset classes to try and bring those together. Leading onto a multitude of complex challenges around data management.  An implementation requires a clear roadmap timeline of a good out of the box solution. ERMNIS provides an extensive software as a service solution which flexibility to be tailored to clients own competitive needs and designs. FRTB is one of the biggest challenges in the market., and banks are spending billions in major transformation projects.