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JPMorgan's Staley Sees Rule Harmony After London Built City on Arbitrage

JPM  

Linked by Bloomberg ( track newsfeed | ignore newsfeed ) - February 28, 08:37PM from (www.bloomberg.com)

Jes Staley, chief executive officer of JPMorgan Chase & Co. (JPM)’s investment bank, said U.S. regulators know what’s at stake in harmonizing global trading rules because they’ve seen regulations push business overseas.
“In many ways, the City of London was built on regulatory arbitrage,” St...


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