Sign in: Staff/Students
Jason Laws, of the University’s School of Management, on the $2bn loss announced by major international investment bank, JP Morgan.
“The £1.2bn trading loss by JP Morgan on Credit Default Swaps, a type of Credit Derivative that provides insurance against bond default, provides a significant boost to supporters of tighter banking regulations.
Whilst regulation can be seen as stifling innovation, JP Morgan’s loss provides ammunition to those who want the reintroduction of the Glass-Steagal-Act (GSA), which ended the separation of commercial and investment banking activities and was repealed in 1999.
This lack of separation has been blamed by Paul Volker, former headof US Federal Reserve as one of the causes of the 2007-08 financial crisis.”
For the full JP Morgan story, click here
The medical and engineering industries, to name but two, are heavily regulated. Has that stifled innovation?
You must be logged in to post a comment.
All recent news
Claim your graduation package
Institute of Irish Studies presents Human Chain: Poets on the Poetry of Seamus Heaney
Winter break: How to travel safety
Liverpool academics named in global list of influential researchers
Liverpool invests in immunology cancer research
A huge congratulations to John, so well deserved!! 👏👏👏
Seven Liverpool academics have been named among the world's most Highly Cited Researchers.
Congratulations to Prof Sir Munir Pirmohamed, Profs Andy Cooper, Gregory Lip, David MacEwan, John Wilding and Drs Quinn Gibson & Lin Jiang! 👏 #HighlyCited2020
1/ Today, we are launching the latest COVID-19 Policy Brief with @LpoolCityRegion, a paper by Prof Simeon Yates, Associate PVC @LivUni, "COVID-19 & Digital Exclusion: Insights & Implications for the Liverpool City Region" https://bit.ly/2UGIfIZ