The Federal Reserve’s chief attorney said central bank supervisors reviewing a trading loss of at least $2 billion at JPMorgan Chase & Co. haven’t found other weaknesses, such as handling of risk, at the firm.
Federal Reserve General Counsel Scott Alvarez said “more work remains to be done” to curb the perception that the largest banks are too big to fail.
"Things not at the core of Dodd-Frank may be revised. As we get the data we are already seeing some things that we probably will change."
- Scott Alvarez on Nov 09, 2014