Volcker Rule authors say JPMorgan loss highlights loophole WASHINGTON _ The senators behind the Volcker Rule warned Friday that regulators implementing it have proposed a... JPMorgan's $2-billion loss a gift to Volcker rule proponents NEW YORK – JPMorgan Chase & Co.'s stunning $2-billion loss serves as a "wonderful poster boy for the Volcker rule," a leading securities law expert said. Goldman to Obey Volcker Rule According to the Securities and Exchange Commission (SEC) filing, The Goldman Sachs Group Inc. has stepped forward to comply with the 'Volcker Rule', which is anticipated to be implemented on July 21, ... FundWatch: Fund managers fear Volcker Rule impact on bonds Fund managers on Wednesday expressed concern that the multi-trillion-dollar bond market has already become less liquid lately and the Volcker rule — which seeks to limit big bank speculative trading — will hike costs and hurt liquidity in bond funds even more. Senate Democrats Call Volcker Rule Draft 'Inconsistent' With Law Two Democratic senators said Friday that a draft of the Volcker rule is inconsistent with the language of the Dodd-Frank overhaul of the financial system and should be tightened to exclude the kind of trade involved in J.P. Senate Democrats:Volcker Rule Draft 'Inconsistent' With Law Two Democratic senators said Friday that a draft of the Volcker rule is inconsistent with the language of the Dodd-Frank overhaul of the financial system and should be tightened to exclude the kind of trade involved in J.P. JPMorgan may tip Wall Street's hand on Volcker LONDON, May 11 (Thomson Reuters Accelus) - JPMorgan Chase & Co's revelation that it had trading losses of at least $2 billion on a failed hedging strategy may have tipped the hand to one way Wall Street executives plan to get around the Volcker Rule. The incident shows how firms could use the pending rule's hedging exemption to do proprietary trades and still technically be compliant with ... JPMorgan's losses: No major victory for Volcker Rule Bash JPMorgan all you like, and feel free to snicker at the spectacle of Jamie Dimon losing his swagger. But don't confuse Morgan's mess-up with the supposed need for the Volcker Rule. Daniel Stern: Volcker Rule Driving Talent to Hedge Funds The Volcker Rule is driving talented traders to leave large, well-known Wall Street investment banks for hedge funds, Reservoir Capital founder Daniel Stern said at the Skybridge Alternatives (aka SALT ) investor summit Wednesday. For Volcker Rule, JPMorgan's $2 Billion Loss Says It All It's never polite to say I told you so, but JPMorgan Chase & Co.'s $2 billion trading loss has proponents of a tougher proprietary trading ban saying . . . well, you know what.
Key Words: volcker rule
References:
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Friday, May 11, 2012
DealBook Progress Is Seen in Advancing a Final Volcker Rule JPMorgan's losses No major victory for Hiltzik Will Dimon now shut up about the Fed Banks get 2 years to comply with PreMarketing sidestep $2billion loss gift rule proponents Lawmakers Call By Summer J.P. Morgan's $2 Billion Blunder 'Volcker Rule' Given TwoYear Grace Period Has Says Confusion Still Reigns on Date Goldman Moves Comply With Defends Bearing His Name Bair Should Tighten To Avoid WhaleLike Mischief Dems seek tighter after Morgan JPMorgan hit billion trading would have been illegal under The Lesson of JP Loss Break Up Big Dents Teflon Image Trading
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