US guts Basel II, JP Morgan guns for version III

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

US guts Basel II, JP Morgan guns for version III

Three US agencies published final rules for risk-based capital on Tuesday, bringing in the Collins Amendment of Dodd-Frank and leaving Basel II dead in the water in the US. Meanwhile, Barry Zubrow, chief risk officer of JP Morgan, told Congress that the right level of capital was "about what JP Morgan" had going into the crisis — and roundly rejected any surcharge for systemically important institutions under Basel III.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article