GFMA, ISDA and IIF Submit Comments to GHOS, BCBS and BIS Regarding the Fundamental Review of the Trading Book Framework
GFMA, the International Swaps and Derivatives Association
(ISDA), and the Institute of International Finance (IIF) provide comments to the Group of Governors and
Heads of Supervision (GHOS), Basel Committee on Banking Supervision (BCBS), and
Bank for International Settlements to highlight key areas of the Fundamental
Review of the Trading Book (FRTB) framework that require further consideration
in order to ensure a balanced and more robust market risk capital framework and
prevent negative impacts on the market broader economy.