On January 3, the International Swaps and Derivatives Association, Inc. (“ISDA”), Global Financial Markets Association (“GFMA”) and the Institute of International Finance ("IIF") (together “the Associations”), submitted their initial response on the Proposed Revised Standardized Approach of the Basel Committee on Banking Supervision (“BCBS”) Second Consultative Document Fundamental Review of the Trading Book dated October 2013 (“Fundamental Review” or “FRTB”). The letter focuses solely on the proposed revised standardized framework.
Documents (1) for ISDA, GFMA & IIF initial Industry Comment Letter to the Basel Committee on the Proposed Revised Standardized Approach of the BCBS Second Consultative Document Fundamental Review of the Trading Book
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