Regulation
Jamie Dimon: a CCP for OTC is Bad
Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the clearer acting as the buyer…
JP Morgan’s premature evacuation
As most banks see the brown stuff hitting the fan, they must be really jealous that JPMorgan seem so clean. JPM’s CEO Jamie Dimon was one of the few bank chiefs willing to stick his head above the parapets this week at Davos, saying things like:“We gave them (customers) weapons of mass destruction to borrow…
European Regulators scramble to plug the gaps
David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…
European Regulators scramble to plug the gaps
David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…
European Regulators scramble to plug the gaps
David Doyle, policy expert on European financial markets, discussed the latest European financial services legislative movements at the Financial Services Club yesterday. David began with an outline of the priorities for the Czech Presidency of the European Union, which runs through to June: review of the Capital Requirements Directive for the capital adequacy of investment…