Accurate, Focused Research on Law, Technology and Knowledge Discovery Since 2002

You Are Here: Home » Government Documents, Legal Research » JP Morgan Trading Losses: Implications for the Volcker Rule and Other Regulation

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

by Sabrina I. Pacifici on Aug 22, 2012

CRS report – JP Morgan Trading Losses: Implications for the Volcker Rule and Other Regulation, August 16, 2012

“On May 10, 2012, JP Morgan disclosed that it had lost more than $2 billion by trading financial derivatives. Jamie Dimon, CEO and chairman of JP Morgan, reported that the banks Chief Investment Office (CIO) executed the trades to hedge the firms overall credit exposure as part of the banks asset liability management program (ALM). The CIO operated within the depository subsidiary of JP Morgan, although its offices were in London. The funding for the trades came from what JP Morgan characterized as excess deposits, which are the difference between deposits held by the bank and its commercial loans.”

Related postings on financial system

Facebook Tweet LinkedIn

Sorry, comments are closed for this post.

Support beSpacific

Research updates provided daily since 2002, with an emphasis on primary sources.
Subscribe to our Mailing List
Follow beSpacific
Searchable Database – Over 45,000 Postings

Searchable database of over 45,000 postings!
Awards for BeSpacific

American Bar Association

BeSpacific: “No one better has her finger on the pulse of the legal information world than Sabrina Pacifici, law librarian and author of the blog BeSpacific,” writes blogger Robert Ambrogi. “Launched in 2002, BeSpacific is one of the longest-running legal blogs and, remarkably, Sabrina seems more prolific today than ever. She posts multiple items every day, covering the gamut of law, technology and knowledge discovery and topics ranging from cybersecurity to legal research to government regulation to civil liberties to IP and more. For me, BeSpacific is one of my daily must-reads and has been for 14 years straight.”

Expert Institute Award for Best Legal Tech Blog 2016, 2017 and 2018
BeSpacific - 3rd Place
Subjects

Pages
LLRX

Sabrina is also the solo Editor, Publisher and Founder of LLRX.com® – Legal, technology and knowledge discovery resources on the “moving edge” for Librarians, Lawyers, Researchers, Academic and Public Interest Communities – launched in 1996.
Archives – 2002 to Present
Archives – 2002 to Present
Calendar

September 2024

M T W T F S S

« Aug

1

2 3 4 5 6 7 8

9 10 11 12 13 14 15

16 17 18 19 20 21 22

23 24 25 26 27 28 29

30