Some people inside large banks might scratch their heads at times. They run or work in divisions that are vital to the U.S. economy, they obey the rules and follow risk management protocols. Some – gasp – might have a degree of respect for intelligent regulators who have as their mission protecting the economy and do so by writing clear rules that error on the side of featuring less complexity. Some may, some may not. But one thing is clear: when someone inside a big bank breaks risk protocols, engages in behavior on the edge of known legal and regulatory…
Dick Bove Shames Regulators, Media Over JPM "Whale" Losses
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.
Comments are closed.