Fed gets a pasting over capital rules

New York-based JP Morgan Chase said the proposals contained in the advance notice of proposed rulemaking published on October 20, 2005 created an "additional regulatory burden" for banks adopting Basel II. "We are strongly opposed to the use of Basel IA capital calculations as a floor for Basel II capital," said the firm in its response letter to the US banking agencies. It attacked the proposals for heaping additional compliance costs and complexity on Basel II firms, and for being a "hybrid

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here