FCA takes "London Whale" identification case to Supreme Court



Britain's markets watchdog and a former JPMorgan (JPM.N) executive on Thursday took their legal battle over alleged improper identification to the UK's highest court in a case that could limit details published by the regulator when it fines banks.
In a landmark case, the Financial Services Authority is challenging a lower court decision that it improperly identified Achilles Macris when it fined JPMorgan 138 million pounds over the so-called "London Whale" scandal in 2013.
The hearing in the Supreme Court, which could take three months to publish a judgment, is being closely... read more

 
13 October 2016 in Business, Views: 38
Source: Reuters
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