May 15 Meeting Minutes
Discussed procedural issues and the following substantive issues:
- JP Morgan Fiasco. OSEC Blog on naked capitalism was issued on Monday. Press Release was issued this past Friday criticizing JPM and highlighting that the Volcker Rule may not have disallowed the CIO office’s activities
- CFTC – In our discussion with CFTC staff they asked for additional info on certain topics including forwards and ETFs. We will be working on that supplemental filing.
- Another article on JPM voldemort issue. Discussion on publishing another article on the issue, possibly in American Banker, again highlighting the limits of the Volcker Rule and how this could be a problem at many other banks, not just JPM
A reporter from Chinese TV came by and met with a couple of members