Liba calls for new banking role

Investment banks should introduce a new senior role to manage their employer’s assets in the event of a default, according to a trade body representing the world’s most powerful banks.

The London Investment Banking Association yesterday wrote to the UK Treasury outlining a number of proposed reforms designed to prevent a repeat of last year's financial crisis, including the introduction of an officer charged with managing the bank's obligations to customers and counterparties.

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Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on ItExternal link

Jamie Dimon Says Private Credit Is Dangerous—and He Wants JPMorgan to Get In on It