JP Morgan Trading Losses : Implications for the Volcker Rule and Other Regulation.

Format:

Book

Government document

Author/Creator:

Library of Congress. Government Division.

Language:

English

Subjects (All):

Banks and banking.

Financial disclosure.

Finance--Law and legislation.

Finance.

Risk assessment.

Physical Description:

1 online resource (1 online resource (35 p), digital, PDF file)

monochrome

Place of Publication:

[Place of publication not identified] : [publisher not identified], 2012.

System Details:

text file

Summary:

Provides general background on JP Morgan, its regulation, and its Chief Investment Office (CIO), the unit responsible for recent JP Morgan trading losses. Examines the losing trades themselves and various aspects of JP Morgan operations with respect to the trades. Addresses several public policy issues involving large banks that have become more visible due to JP Morgan trading losses. Considers implications for future interpretation of Section 619 of P.L. 111-203, the Dodd-Frank Wall Street Reform and Consumer Protection Act, known as the Volcker Rule, which prohibits banking entities from engaging in proprietary trading or affiliating with certain classes of firms that speculate in financial markets. Discusses potential risk management shortcomings related to the CIO.

Notes:

Record is based on bibliographic data in ProQuest U.S. Congressional Research Digital Collection (last viewed Apr. 2014). Reuse except for individual research requires license from ProQuest, LLC.

CRS Report.

Other Format:

Microfiche version: Library of Congress. Government Division. JP Morgan Trading Losses

Access Restriction:

Restricted for use by site license.