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IBFed submission on Fundamental Review of the Trading Book (FRTB)

11 Aug 2014

The International Banking Federation (IBFed) appreciates the opportunity to comment on the Basel Committee on Banking Supervision’s (BCBS) second consultative document on the Fundamental Review of the Trading Book (FRTB). The IBFed is supportive of this fundamental review and committed to ensuring that this review is as comprehensive and thorough as possible. We would like to express our general support for the alternative proposals prepared by the International Swaps and Derivatives Association (ISDA), the Institute of International Finance (IIF), and the Global Financial Markets Association (GFMA), that were submitted to the BCBS’s Trading Book Group (TBG) on January 19, 2014, and our general support for the joint ISDA/IIF/GFMA response submitted to the TBG today.

IBFed submission on Fundamental Review of the Trading Book (FRTB)
 
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