{"id":119299,"date":"2024-09-26T09:48:16","date_gmt":"2024-09-26T13:48:16","guid":{"rendered":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/bloomberg-wins-frtb-management-solution-of-the-year-at-2024-asia-risk-awards\/"},"modified":"2025-06-27T10:16:36","modified_gmt":"2025-06-27T14:16:36","slug":"bloomberg-wins-frtb-management-solution-of-the-year-at-2024-asia-risk-awards","status":"publish","type":[3815],"link":"https:\/\/www.bloomberg.com\/professional\/insights\/press-announcement\/bloomberg-wins-frtb-management-solution-of-the-year-at-2024-asia-risk-awards\/","title":{"rendered":"Bloomberg Wins FRTB Management Solution of the Year at 2024 Asia Risk Awards"},"content":{"rendered":"
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PRESS ANNOUNCEMENT<\/span><\/strong><\/p>\n\n<\/div>\n\n<\/div>

Bloomberg Wins FRTB Management Solution of the Year at 2024 Asia Risk Awards<\/h1>\n<\/p>\n\n<\/div>\n \n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n
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September 26, 2024<\/p>\n<\/p>\n\n<\/div>\n

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Bloomberg has won FRTB Management Solution of the Year at the 2024 Asia Risk Awards, which recognize leading practices in risk management and derivatives within Asia\u2019s financial sector and honor achievements in risk market technology.<\/p>\n

Bloomberg provides customizable data and analytical solutions to help banks with FRTB compliance. As more jurisdictions approach their respective implementation deadlines, Bloomberg\u2019s FRTB solutions enable banks to navigate the complexities of their specific requirements. This award acknowledges Bloomberg\u2019s commitment to enhancing firms’ capacity to promptly respond to and adapt to intricate financial regulatory demands.<\/p>\n

\u201cWe are honored to be recognized for our continued commitment to helping Asian banks comply with FRTB,\u201d said Eugene Stern, Head of Market Risk at Bloomberg. \u201cIt\u2019s been a very active year in Asia in particular, with multiple jurisdictions either about to launch FRTB as a live capital requirement or already live. Many regulators have created their own local versions of both the capital rules and the reporting requirements around them. The adoption of our solutions we have seen across Asia proves that with flexible architecture, best of breed instrument analytics, and pre-integrated market data, Bloomberg meets the full range of regulatory and reporting needs across all major jurisdictions.\u201d<\/p>\n

Thomas Labbe, Bloomberg\u2019s Global Regulatory Product Manager, added, \u201cThe FRTB data challenge is not an isolated exercise but a nexus of challenges. It is a place where regulation, risk, data, technology, and governance intersect. Updating technology stacks, ensuring alignment between different groups within the bank, and sourcing high quality data are all part of the same journey. We help our customers navigate the FRTB data challenge by providing interoperable regulatory, funds, pricing and reference data banks need to compute the impact of FRTB across the entirety of their portfolios and operations.\u201d<\/p>\n

“Bloomberg’s end-to-end FRTB solution won high praise from judges for its wide range and coverage of data, including for stressed periods. The breadth and versatility of the offering, with an extensive array of features including alternative sensitivity capabilities, set the technology vendor apart from competitors, highlighting why so many financial companies choose to use Bloomberg for their FRTB needs,” said Chris Davis, Asia Editor, Risk.net.<\/p>\n

Bloomberg\u2019s Multi-Asset Risk System (MARS) Market Risk solution offers a suite of risk analytics and calculations for the entire FRTB workflow, with Bloomberg\u2019s 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.<\/p>\n

Bloomberg\u2019s 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.<\/p>\n

To learn more about Bloomberg\u2019s FRTB solutions, visit our website<\/a> here.<\/p>\n\n<\/div>\n\n<\/div>\n\n\n <\/div>\n <\/section>\n<\/div>\n\n

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