House of Lords
Lord Sassoon (Commercial Secretary, HM Treasury; Conservative)
The precise details of the recent losses at JPMorgan Chase & Co are still emerging and the Treasury is monitoring events closely.
However, these losses demonstrate the importance of the Government's measures to strengthen regulation of the financial services sector and implement the recommendations of the Independent Commission on Banking (ICB).
In respect of the implementation of the recommendations of the ICB, the Government will publish their White Paper on