Market-moving trades by JPMorgan Chase & Co. (JPM) (JPM)’s chief investment office probably will force regulators to seek more detail on banks’ derivatives positions to help them distinguish risk management from speculation.
Bruno Iksil, a London-based trader in the unit, has built derivatives positions linked to corporate credit that are so big he’s moved markets, according to hedge fund managers and dealers. While Joe Evangelisti, a bank spokesman, said yesterday that the trades are part of the firm’s hedging strategy, four market participants said they resemble proprietary bets, or wagers with the lender’s own money.
http://www.businessweek.com/news/2012-04-09/jpmorgan-s-iksil-seen-spurring-regulators-to-dissect-trading
