JP Morgan losses will be considered in Volcker rule finalisation, says Fed official

Capitol Hill in Washington DC

Scott Alvarez, general counsel of the Federal Reserve, today (June 19) said new comments regarding the Volcker rule, received after JP Morgan's large losses were revealed would be taken into account as the rule was finalised.

Testifying before the Committee on Financial Services at the US Congress, Alvarez said the rule in its current form took a multi-faceted approach to limit potential abuse of the hedging exemption and improve risk management of these activities, "while not unduly

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

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 individual account here: