JPMorgan shows fighting complexity is futile
The line between proprietary trading, client facilitation and hedging is sometimes so thin as to be nonexistent, writes Sallie Krawcheck
US financial regulation
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Congress’s wide-ranging reform of Wall Street under the Dodd-Frank legislation and Mary Schapiro’s internal revolution at the SEC have ushered in an era of more stringent regulation in the US
M Stanley derivatives switch hits hold-up
Regulators stall on group’s plan to shift part of its $52tn portfolio to its banking arm and soften the possible $9.6bn blow from a potential credit downgrade
Regulator spurred in push for swaps rules
American banks have been dealt a blow after the main US swaps regulator says new rules will probably apply to their overseas branches and affiliates
US regulator under fire for JPMorgan oversight
The Office of the Comptroller of Currency is facing questions over its oversight of JPMorgan Chase and its ability to enforce a ban on banks trading for their own accounts
SEC move set to boost covered bonds in US
The US regulator is to allow Royal Bank of Canada to sell covered bonds into the US market as a normal public offering of securities
US and UK eye reaction to bank failure
The world’s first concrete plans are being devised to protect the broader financial system in the event that any of leading cross-border groups were to collapse
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Biggest US banks in senator’s sights
Sherrod Brown renews congressional push to break-up America’s top lenders to put an end to the ‘too big to fail’ problem that sparked bailouts
JPMorgan loss fuels calls for simplification
Even if it has little to do with ‘too big to fail’, the bank’s trading debacle raises demands for change that regulators might now be willing to listen to
How JPMorgan shock hit the war on Volcker
Wall Street seemed to be winning the war on the Volcker rule. That all changed after JPMorgan Chase’s shocking $2bn trading loss
Banks in spotlight over board composition
Bank boards face tough questions about whether directors are sufficiently independent and qualified to hold management to account
SEC turns whistleblower tips into cases
Company insiders looking to cash in on a new programme are opening the door to investigations and probes
How to end panics and impose market discipline
Requiring big institutions to increase common equity capital to breathtaking levels is no answer, write William Isaac and Richard Kovacevich
Dealmakers worried by Fed’s tougher oversight
Regulators are not encouraging acquisitions by US banks, in a sign that the sector’s globalisation is going into reverse
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