JP Morgan

Weekly Roundup | Risk Management | 3 December 2013

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Firms Lack Resource To Manage Regulatory Risk

A new PwC poll of major UK asset management firms reveals that a third are unsure they have sufficient internal resource to manage their firm’s regulatory risk. ISS-Mag: Firms Lack Resource To Manage Regulatory Risk.

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At $72.8 Trillion, Presenting The Bank With The Biggest Derivative Exposure In The World (Hint: Not JPMorgan) | Zero Hedge

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Yet another news article scaring the pants off ordinary people by suggesting that Notional = Value, and that Collateral = Zero. It's a shame, the comments show how taken-in people are when the underlying facts aren't presented properly. See the other side of the story on this site here (How Big is OTC Really).

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The brave new world of derivatives regulation will trim investment bank's profits

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Not that this is big news or surprising at all - but a good summary over at Bloomberg combined with a recent shareholder presentation of JP Morgan shows the significant impact that regulations (especially in the derivatives market) has on bank's bottom lines. Upside effects (i.e. revenues achieved through e.g. clearing services) can (a) not offset the revenue decline (JP Morgan estimated 500m USD revenue gain vs. 1-2bn USD revenue impact) and (b) only be achieved by the largest broker dealers. All others - well, welcome to the New Normal...

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