Publications

One-Pager No. 38 | June 2013

Financial Reform and the London Whale

The recent report by the Senate Permanent Subcommittee on Investigations on the operations of JPMorgan Chase’s Synthetic Credit Portfolio unit—aka the London Whale—has brought renewed attention to the risks of proprietary trading for insured banks, and provides depth to the larger risks inherent in the financial system after Dodd-Frank.  
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One-Pager No. 38
Associated Program:
Monetary Policy and Financial Structure
Author(s):
Jan Kregel
Related Topic(s):
Financial regulatory reform Investment banking JPMorgan Chase Macroprudential regulation
 
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