BankThink

For all their analytic complexity, the Basel capital standards simplemindedly view each type of risk in isolation. In reality, an increase in one type of risk may lower another.

Receiving Wide Coverage ... National News: A devastating tornado swept through Oklahoma yesterday. Full news coverage: Wall Street Journal, New York Times, Financial Times D-Day for Dimon: Today is the day JPMorgan Chase shareholders will vote on a proposal to strip Jamie Dimon of his dual title as chairman and CEO. Bad news for Dimon detractors: Shareholder activists pushing for the proposal were "talking down the prospects of winning" the vote after regaining access to preliminary tallies…

Use risk-based capital only as a supplement to a meaningful leverage test, combined with traditional judgment-based safety and soundness supervision.

Receiving Wide Coverage ...

JPM … Again: News outlet continue to closely monitor JPMorgan Chase ahead of Tuesday's shareholder vote on a proposal that could see Jamie Dimon stripped of his dual title as chairman and CEO. Dealbook reports the Council of Institutional Investors has asked the Securities and Exchange Commission "to intervene" after Broadridge, the firm that provides tabulations on these types of votes, stopped giving updates to the investors sponsoring the proposal, though the...

The Chairman/CEO split issue is a sideshow. No one has considered the troubling implications of a large, crazy, lucky bet the London Whale made the year before his infamous money-losing trades.