WASHINGTON — Like many House Financial Services Committee hearings after the passage of Dodd-Frank, the panel's questioning of regulators Tuesday about JPMorgan Chase & Co.'s trading loss became a tug of war across the aisle about the reach of regulatory reforms.
While the five regulators were challenged on what they knew and when about the bank's derivatives loss, and shed some new light on JPMorgan Chase's risk management function, the lawmakers' continued discord over the regulatory reform law set the tone for the hearing.
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