The book "Model Risk Management Challenges of Fundamental Review of Trading Book" provides a comprehensive analysis of the new regulations introduced by the Basel Committee on Banking Supervision (BCBS) regarding the Fundamental Review of the Trading Book (FRTB). These regulations pertain to the market risk capital requirements that banks must adhere to for their capital reserves. Authors Gagan Singh, Matthew Bain, and Oluwakemi Imole Kolawole examine the far-reaching impacts of FRTB on banks, including capital reserve allocation, internal processes, and collaboration between front and risk management departments. The book highlights the challenges arising from the need to meet regulatory capital requirements and emphasizes the importance of an improved data management system. The insights from this study are crucial for banking professionals as they shed light on changes in risk management and the associated organizational adjustments.