ALMA is actively engaged in ongoing regulatory change and is currently running a UK Industry working group in regards to IRRBB regulatory development. The working group, the “ALMA Interest Rate Risk in the Banking Book Taskforce” has representation from 9 UK banks and has meetings on a weekly basis.
The purpose of the ALMA IRRBB Taskforce is to:
– provide industry support to the BBA and views on industry best practise
– create a common language, discuss definitions and challenges in the IRRBB space
– offer a forum for updates and debates on IRRBB regulatory developments (based on IIF/IBFed, EBF, BCBS TFIR, BCBS FRTB work streams)
If you would like to find out more drop us a line at info.ukalma.org.uk