The Global Financial Markets Association (GFMA), the Institute of International Finance (IIF) and the International Swaps and Derivatives Association (ISDA) have issued the following statement on the Fundamental Review of the Trading Book
(FRTB) framework issued today by the Basel Committee on Banking Supervision (BCBS): GFMA, IIF and ISDA share the Basel Committees goal of ensuring the safety and soundness of the global financial system, which is critical to enhancing investor and consumer confidence, and economic growth.
Global Banking News-January 8, 2015--Credit Suisse sells commodities trading book
The Securities and Futures Commission (SFC) in Hong Kong has fined Merrill Lynch (Asia Pacific) and Merrill Lynch Futures (Hong Kong) $3,500,000 for systems and controls failings associated with the mis-marking activities in a trading book
Capital requirements can and should be increased for the products that caused the current crisis, such as the trading book
and sophisticated products, but certainly not for normal retail or SME loans.
NEW YORK -- Fitch Ratings views the Basel Committee on Banking Supervision's fundamental review of the trading book
as a potentially positive step towards global capital harmonization.
Global Banking News-December 22, 2014--Citi buys commodities trading book
from Credit Suisse
Global Banking News-October 21, 2014--Citi purchases Deutsche commodities trading book
Citigroup Inc (NYSE: C) has purchased the energy and metals trading book
from Germany's Deutsche Bank AG (NYSE: DB) (DBK.
and the trading book
in separate transactions, which are expected to be completed within the next 12 months.
Global Banking News-September 18, 2014--Citi purchases base metals trading book
from Deutsche Bank
Global Banking News-August 22, 2014--Deutsche Bank sells North American gas trading book
to Morgan Stanley
A Basel II regulatory capital module - to improve compliance in the credit risk area, for both the trading book
and the banking book.