Latest opinions that Piyush Srivastava has shared on Finextra

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Piyush Srivastava

President & Chief Operating Officer

RiskCounts LLC

Member since

03 Jan 2017

Location

Greater New York Area

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Piyush's opinions

FRTB - The democratization and level playing field for the Trading book and Banking book

FRTB can be summarized in three lines as follows: - Close the loop hole of Capital Arbitrage between the Trading and the Banking books - Calculate the Capital as if the banks are in Stressed Market Conditions - Calculate Capital using the Standardized Approach, even though Trading desks calculate the Capital Charge using ...

12 January 2017 /regulation

CECL - The new FASB accounting rule to capture expected credit losses for banks

In June 2016, FASB unveiled a guidelines for the banks to capture the credit loss by taking into account the expected credit losses over the expected lifetime of the products, and not use the 40 year old “Incurred Loss Model. Background of the new Current Expected Credit Loss Model (“CECL”) In 2011, the FASB and the International Accounting Standar...

09 January 2017 /regulation /inclusion

What does FRTB or Fundamental Review of trading book really mean?

Remember those days when we saw Lehman employees walking out with their personal stuff in cardboard boxes, the manhandling of AIG employees in New York, the demonstrations at Wall Street and Zuccotti Park (New York), and the $ 1 trillion bailout fund that the Congress initially refused to approve? Yes, to avoid similar situations, the BIS (Basel C...