Every week in the financial services industry, there seems to be chatter about increasing regulatory pressure, the slow economy and the potential of mobile payments. This week is no different.
June 08, 2012
5. Regulatory Rethink
We are not limiting our inquiry to the particular transactions at issue. We are assessing the adequacy of risk management throughout the bank.
—Thomas J. Curry, head of the Office of the Comptroller of the Currency, regarding that agency’s inquiry into risk management measures at JPMorgan Chase, after the bank’s infamous $2 billion-plus trading loss last month.
Source: Los Angeles Times
