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Economics of Contempt: JPMorgan and the Volcker Rule's Hedging Exemption
http://economicsofcontempt.blogspot.com/2012/05/jpmorgan-and-volcker-rules-hedging.html
Thoughts on, inter alia, finance, economics, and politics. Sunday, May 20, 2012. JPMorgan and the Volcker Rule's Hedging Exemption. Posted by Economics of Contempt. In the wake of JPMorgan’s $2 billion trading loss, there’s been lots of talk about whether “portfolio hedging” is allowed under the Volcker Rule, and whether that should be changed. As I wrote in my previous post. The statutory language of the Volcker Rule very clearly allows. What are the other criteria that a bank must meet in order to qual...