Legal
Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says
Dodd-Frank Act derivatives rules are failing to give regulators a full picture of the swaps market and wouldn’t help them detect a loss similar to JPMorgan Chase & Co.’s London Whale trades, according to Commodity Futures Trading Commission member Scott O’Malia. Swap-trade data the agency has been receiving since the…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Businessweek