Regulators Snooze While JPMorgan Lights the Fuse
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May 16 (Bloomberg) -- Don’t worry your pretty little heads,JPMorgan Chase & Co. Chief Financial Officer Douglas Braunsteinseemed to assure listeners on the bank’s quarterly earningsconference call last month. Regulators knew everythingJPMorgan’s chief investment office was doing, he said.
“We are very comfortable with our positions as they areheld today, and I would add that all of those positions arefully transparent to the regulators,” Braunstein said April 13.“They review them, have access to them at any point in time,”and “get the information on those positions on a regular andrecurring basis as part of our normalized reporting.”