Risk News

5/17/2012
White House Steps Up Push to Toughen Rules on Banks
Carol E. Lee and Damian Paletta, Wall Street Journal

"In the wake of losses at J.P. Morgan Chase JPM 0.00% & Co., the White House is seeking to ensure a tough interpretation of a regulation designed to prevent banks from making bets with their own money, according to people familiar with the matter"

Annie's take:

It is to be hoped that banking regulation will not become a political football this election season. Here's a preview, though, of how it's lining up.