Big Data Technologies for FRTB Compliance

Dharampal Dhiman

Product Consultant, OFSAA CoE, Banking and Financial Services, TCS

Compliance will require complex calculations; data demands on firms to increase

The Basel Committee on Banking Supervision (BCBS) has published the Fundamental Review of the Trading Book (FRTB), which lays down detailed guidelines on arriving at the market risk capital requirements. Under the FRTB regime, expected shortfall (ES) will replace value at risk (VaR) to assess market risk. This will limit banks’ freedom to assign instruments between the banking book and the trading, which will increase the regulatory capital requirements.

Achieving FRTB compliance will place huge data demands on banks. Voluminous data will be required to support complex capital calculations and regulatory reporting mandates. To address the FRTB data challenge, banks must embrace Big Data technologies with the following key components:

Hadoop or Spark platform to manage huge volumes of data
NoSQL technologies to capture and process floods of data coming in at a fast pace
Tools to ingest, store, and access data regardless of type
Algorithms to cleanse data and ensure quality

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TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

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TCS works hand in hand with world-leading investors.

Global knowledge. Local support

Fast-track FRTB Compliance with Big Data Technologies

Compliance will require complex calculations; data demands on firms to increase

Transformation starts here

Find out more

TCS is here to make a difference through technology.

We deliver excellence and create value for customers and communities.

Extraordinary expertise leads to remarkable results.

Want to be a global change-maker? Join our team.

Find the latest news about TCS in our Newsroom

Recent Press releases

Recent News

Recent recognitions

Upcoming events

TCS works hand in hand with world-leading investors.

Global knowledge. Local support

Compliance will require complex calculations; data demands on firms to increase

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Transformation starts here

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