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FRTB: ECB postpones model approval deadline 

April 3, 2018

Risk.net, Samuel Wilkes

"The European Central Bank has postponed the cut-off date by when banks opting for an own-models approach under the forthcoming revised market risk framework must submit their models for regulatory approval.

François-Louis Michaud – the deputy director-general of microprudential supervision at the ECB’s bank watchdog, the single supervisory mechanism (SSM), who is responsible for approving internal model applications – confirmed the delay on a conference call this morning"

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