Profile: JP Morgan's Pinto on margin rules, Volcker and the costs of regulation

Post-crisis reforms will reduce leverage and squeeze returns, but JP Morgan’s Daniel Pinto is worried about two strands of regulation in particular, he tells Duncan Wood – margin for uncleared trades and the Volcker rule

Daniel Pinto uses the word ‘discipline’ a lot. He talks about risk management discipline, strategic discipline, discipline on costs – and he also cites discipline as one of the attributes that makes traders, like himself, well suited for senior management roles. Having been head of credit trading and co-head of global fixed income at JP Morgan, Pinto was named co-head of investment banking after