JPM exec: post-Archegos disclosure rules tough in practice

Banks may struggle to get required details from clients under Basel proposals, says reg affairs executive

Regulators may need to rethink post-Archegos proposals to require dealers to obtain stricter disclosures from clients as they may not be feasible in practice, according to a JP Morgan executive.

The Basel Committee on Banking Supervision (BCBS) published a consultation on guidelines around counterparty credit risk management at the end of April. Part of the consultation proposes dealers adjust their risk appetite for counterparties that refuse to provide adequate risk disclosures, or in some