SS&C Technologies (SSNC), which provides software to financial services and healthcare industries, has signed multiple banks to its advanced risk management solution. Banks are required to update their risk management frameworks to meet Fundamental Review of the Trading Book (FRTB) standards set out by the Basel Committee on Banking Supervision. The deadline to do so is January 2023. SS&C created a FRTB solution to help banks prepare for the new risk management requirements. "Banks recognize the need to prepare for FRTB now to accommodate the fast-changing local requirements in risk management," said Mina Wallace, SS&C Algorithmics general manager.
https://www.tipranks.com/news/ssc-signs-multiple-banks-to-its-frtb-compliance-solution
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