Bloomberg Wins Best Solution for FRTB at RegTech Insight Awards APAC 2024

Bloomberg has won Best Solution for FRTB (Fundamental Review of the Trading Book) at the A-Team RegTech Insight Awards APAC 2024. The award recognizes Bloomberg’s ongoing commitment to improving firms’ capacity to promptly respond and adapt to intricate financial regulatory demands.

Bloomberg offers a comprehensive suite of enterprise data and analytical tools to assist banks in managing their existing FRTB requirements and meeting upcoming compliance deadlines.

“Our solutions help clients navigate evolving FRTB requirements across all major jurisdictions and bring the unique advantages of our unrivaled data and analytics platform to the risk and data principles underlying Basel’s Fundamental Review,” said Dharrini Bala Gadiyaram, Bloomberg’s Global Head of Risk Products. “Whether firms require FRTB-ready regulatory data, a reliable risk analytics engine, or a full end-to-end workflow, Bloomberg can customize a package to meet specific requirements.”

Angela Wilbraham, CEO at A-Team Group, said, “These awards celebrate providers of leading RegTech solutions, services, and consultancy across Asia-Pacific. The winners were selected by A-Team Group’s RegTech Insight community and demonstrate exceptional creativity in building solutions that solve regulatory challenges. Our congratulations go to Bloomberg for winning Best Solution for FRTB.”

Bloomberg’s Multi-Asset Risk System (MARS) Market Risk solution offers a suite of risk analytics and calculations for the entire FRTB workflow, with Bloomberg’s market-leading data and models at its core. The solution is componentized for banks that prefer to combine Bloomberg’s data, analytics, and other features with their own internal systems and processes. Moreover, Bloomberg provides an FRTB data solution to help ease the implementation of the regulation and is capable of handling market risk exposures.

Bloomberg’s FRTB Data Solution provides scalable, enterprise access to high-quality, complete data and helps banks to gain approval for their models while minimizing add-on capital charges. This solution covers both the Standard Approach (Bucketing of Risk Factors) and the Internal Model Approach (Risk Factor Eligibility Test) and is available via Data License for enterprise-wide use.

To learn more about Bloomberg’s FRTB solutions, visit our website here.

About Bloomberg
Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration.

For more information, visit bloomberg.com/company or request a demo.