JP Morgan loss flags shortcomings of Volcker rule

Paul Volcker

JP Morgan Chase on May 10 revealed risky trading activities by a section of the business had resulted in a $2 billion loss for the firm. The news that a bank that had come through the financial crisis relatively unscathed due to its avoidance of risk-taking had now run into trouble in this area shook markets worldwide.

In the immediate aftermath, thoughts turned to whether the new legislation due to enter into force later this year in the US could have prevented the situation. The so-called Volc

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: