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)

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