IFLR: Derivatives consolidated tape might help with FRTB
Thomas Helm, senior journalist at IFLR, explores the ongoing debate on the potential implementation of a derivatives consolidated tape. While there is currently limited support in the industry for this measure, it may help banks with the internal models approach (IMA) under Fundamental Review of the Trading Book (FRTB).
Alex Wolcough, founder and CEO at Greenbirch Group spoke to Thomas to share his thoughts on how a derivatives consolidated tape can help banks, and what enhancements to derivatives trade reporting are needed before implementation.