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Razor Risk and Deloitte Canada Host FRTB Breakfast Briefing at TMX

October 7, 2016

Last week Razor Risk™, TMX Insights' risk management solution, teamed up with Deloitte Canada to host representatives from Canada's banking community for an exclusive breakfast briefing on the revised standards for Minimum capital requirements for Market Risk, under Fundamental Review of the Trading Book (FRTB) regulations. FRTB is a market risk framework introduced by the Bank for International Settlements' Basel Committee on Banking Supervision to address market risk deficiencies that emerged during the 2007-08 global economic downturn. FRTB regulations were revised in January 2016 and the new rules will take effect in 2019.

FRTB Breakfast Briefing

Moderated by Richard Nesbitt, President and CEO of the Global Risk Institute at the University of Toronto's Rotman School of Management, a panel of well-respected industry experts provided their expert opinions and key insights into how Canadian banks should look to implement new business processes, technology and organizational change to align themselves with the revised FRTB standards.

Expert guest panelists and speakers included:

  • Dr. John Hull, Maple Financial Professor of Derivatives and Risk Management at the Joseph L. Rotman School of Management
  • Daniel Moore, SVP and Chief Market Risk Officer, ‎Bank of Nova Scotia
  • Robert Cranmer, Director of Risk Advisory with Deloitte Canada and the Deloitte Capital Markets leader in Canada. Robert has over 20 years direct Capital Markets experience
  • Bevan Ferreira, Senior Manager, Risk and Capital Management, Deloitte Canada. Formerly at OSFI specializing in regulatory capital models for counterparty credit and market risk
  • Peter Walsh, Global Head of Business Development for TMX Insights, Razor Risk. A banker by trade (ACIB) and a qualified practitioner in managing IT intensive programs allied to a lifetime of London-based roles and experiences.

During the briefing, Razor Risk's Peter Walsh, Global Head of Business Development, addressed the group to provide an overview to the upcoming changes and shared his assessment of how participants can implement new requirements and adapt to the new regime.

FRTB Breakfast Briefing

In July 2016, Razor Risk announced that it will meet the new minimum capital requirements for market risk standards under the new FTRB framework.

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