Deutsche Bank Selects LSEG’s Trade Discovery Solution for Enhanced FRTB Compliance
Deutsche Bank has made a pivotal decision to adopt LSEG’s Trade Discovery product, a robust tool designed to facilitate compliance with the Fundamental Review of the Trading Book (FRTB) regulations. This strategic partnership will empower Deutsche Bank to leverage LSEG’s comprehensive solution for effectively aggregating and managing the extensive data necessary for FRTB compliance.
About LSEG and Its Trade Discovery Solution
The London Stock Exchange Group (LSEG) is renowned for its global market infrastructure, financial data, and analytics solutions. Its offerings are tailored to assist banks and financial institutions in navigating complex regulatory landscapes and efficiently managing risks. The Trade Discovery solution is particularly noteworthy as it aggregates data from diverse sources, including regulated and over-the-counter (OTC) markets, thereby aiding banks in adhering to FRTB’s stringent requirements.
Deutsche Bank: A Leader in Investment Banking
Deutsche Bank stands out as one of the world’s leading investment banks, providing a vast array of services across sectors such as:
- Investment Banking
- Corporate Banking
- Asset Management
With a commitment to innovation, Deutsche Bank utilizes cutting-edge technology and data solutions to maintain its competitive edge in a rapidly evolving market landscape.
Benefits of the LSEG and Deutsche Bank Collaboration
This collaboration between LSEG and Deutsche Bank addresses significant challenges associated with FRTB compliance, particularly in managing OTC product data. By utilizing LSEG’s Trade Discovery solution, Deutsche Bank can:
- Reduce the time and resources required for achieving FRTB compliance
- Enhance its fixed income business
- Access billions of data points across various jurisdictions
The platform’s independent audits ensure that the data meets high compliance standards, giving Deutsche Bank confidence in its regulatory capabilities.
Expert Insights on the Partnership
Fausto Marseglia, LSEG’s Head of Product Management for FRTB and Regulatory Propositions, expressed enthusiasm regarding the collaboration. He stated, “We are excited that Deutsche Bank has chosen our Trade Discovery solution for their FRTB needs. The independent audit of our solution reaffirms its accuracy and regulatory compliance.”
Piers Robson, Deutsche Bank’s FRTB Initiative Director, also highlighted the advantages of this partnership, noting, “LSEG’s Trade Discovery solution provides us with comprehensive and trusted data to ensure our market risk models comply with regulation while supporting our fixed income business to retain its competitive edge in a dynamic market environment.”
For more information about LSEG’s Trade Discovery solution, visit their official website, or explore how Deutsche Bank is leveraging technology for enhanced compliance and risk management.
