FRTB’s US revamp and European reset – who wins?
Available to watch on-demand 3 November 2026
After years of preparation, the Fundamental Review of the Trading Book (FRTB) has entered a decisive phase. The US has proposed domestic rules that would relax the profit‑and‑loss attribution (PLA) test and the treatment of non‑modellable risk factors (NMRFs), potentially making the Internal Models Approach (IMA) more achievable.
On the other side of the pond, European authorities are signalling permanent recalibration work to address competitiveness and alignment concerns. The timing and scope of final rules could materially affect capital outcomes, IMA strategies and the economics of cross‑border trading desks.
This Risk.net ‘hot topic’ webinar will unpack the regulatory differences between the US and Europe, assess the extent the IMA is now viable, and set out the practical steps banks are taking in preparation of the FRTB.
Join our expert panel as they assess what the US revamp and potential European reset mean for capital, models and trading strategies.
Among the questions we will cover:
- How does the US proposal differ from current EU/UK approaches, and what does that mean for IMA viability across jurisdictions?
- How large could capital benefits be under the US changes, and which desks or asset classes are most affected?
- How far will Europe go to revive the IMA?
- What preparations are banks making now to get ready for the FRTB?
- What impact will the standardised approach have on trading strategies?
Register now to hear practical, actionable guidance from practitioners and regulators on protecting capital efficiency and managing market risk in a multijurisdictional FRTB world.
