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What was heading to be a rather routine week of hearings and the continued implementation of Dodd-Frank was shaken by the end of the week news that JP Morgan had a $2 billion dollar trading lost
In what now accounts for standard operating procedure, the past week saw a flurry of last minute activity, as the threat of having to stay in Washington, DC for the week before Christmas appeared to provide the leverage necessary for Congress to finish up much of its end of the year business
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Jurisdiction - USA
Workarea - Derivatives
Workarea - Insolvency & Restructuring
Workarea - Capital Markets
Firm Name - Mintz Levin Cohn Ferris Glovsky and Popeo PC
