JPM and Accumulated Other Comprehensive Income – a neat example of regulatory capture.
It should not come as a surprise that the discussion on the in/exclusion of Accumulated Other Comprehensive Income from Regulatory Capital continues. JPM highlighted one reason for keeping the discussion on AOCI going, as most of it evaporated – with consequences. Sad. In the spring of 2008, just days apart from the collapse of Bear… Read More JPM and Accumulated Other Comprehensive Income – a neat example of regulatory capture.