FRTB Compliance: Deutsche Bank Selects LSEG Tool

London Stock Exchange Group (LSEG) has announced that Deutsche Bank has selected its Trade Discovery solution to support compliance with the Fundamental Review of the Trading Book (FRTB) regulation. This decision marks a significant step in Deutsche Bank’s efforts to ensure its market risk models adhere to stringent regulatory requirements. 

FRTB mandates that financial institutions utilizing internal market risk models access precise and extensive data on cross-asset class financial instruments traded in both regulated exchanges and over-the-counter (OTC) markets. LSEG’s Trade Discovery solution addresses this need by aggregating crucial data from diverse sources, encompassing regulated markets, transparent OTC markets, and opaque OTC markets. 

The platform sources data from LCH, Tradeweb, and key partnerships with Fenics Market Data and Parameta Solutions. It provides broad coverage of exchange-traded and OTC derivatives. Moreover, through Trade Discovery, Deutsche Bank can access billions of data points across multiple jurisdictions, covering rates, credit, foreign exchange, and equities. 

FRTB Compliance: Deutsche Bank Selects LSEG Tool

This vast data repository enables the bank to meet FRTB’s stringent data requirements, ensuring compliance and risk model accuracy. Moreover, the solution has undergone independent auditing to validate its reliability and alignment with regulatory standards, reinforcing its credibility within the financial sector. 

Fausto Marseglia, Head of Product Management for FRTB and Regulatory Propositions at LSEG, expressed enthusiasm over Deutsche Bank’s selection of Trade Discovery. “He emphasized the platform’s accuracy, comprehensive data coverage, and strong industry partnerships, highlighting its ability to support institutions in navigating the complexities of FRTB compliance.” 

Piers Robson, FRTB Initiative Director at Deutsche Bank, underscored the importance of LSEG’s Trade Discovery solution in ensuring regulatory adherence. “He noted that the platform’s extensive and trusted data resources would enhance the bank’s market risk models while sustaining its competitive edge in the fixed-income market.” Deutsche Bank’s adoption of LSEG’s Trade Discovery solution demonstrates the increasing reliance of financial institutions on advanced data aggregation tools to comply with evolving regulatory frameworks. 

Lastly, this collaboration signifies a broader industry trend towards leveraging sophisticated technology and partnerships to maintain compliance and enhance market positioning in an ever-changing financial landscape.

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