Relevant:
- JPMorgan Hid Trades Banned by Volcker Rule, Senate Probe Finds
- JPMorgan Said To Face Escalating Senate Probe Of CIO Loss
- JPMorgan Faulted on Controls and Disclosure in Trading Loss - Senate Report
- Dimon Gives Regulators New Ammunition for Tougher Volcker Rule
- CFTC's Volcker Rule Roundtable Aims To Seek Insight On Exemptions
2012-09-21 — bloomberg.com
A U.S. Senate panel probing the multibillion-dollar trading loss by JPMorgan Chase & Co. (JPM) plans to unveil its findings at a hearing this year to press regulators to tighten the Volcker rule, according to three people briefed on the matter.
...
One focus of the queries is whether JPMorgan's wrong-way bets on derivatives would have been permitted under regulators' initial draft of the Volcker ban on proprietary trading, the people said. The lender lost $5.8 billion on the trades in the first six months of the year.
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