Bank of England and Federal Reserve step up scrutiny of bank exposures to large trading companies
economy17 h ago
coda.news AI summary
- The Bank of England and the Federal Reserve have intensified scrutiny of banks' exposures to large trading companies following Jane Street's large losses.
- Regulators are seeking information on the risk appetite of these trading companies.
- Regulators want to know how banks' intraday exposures to these trading companies change.
- Regulators are examining how risk controls regarding these exposures operate.
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