Thinking Out Loud

E-mail

Dinkar Jetley
Chief Executive Officer,
Worldwide Securities Services

In this issue of Thought we continue our examination of the complex transformations affecting our industry through a focus on one crucial element: collateral management. Global regulations, many still in development and some that will be implemented over the course of several years, will continue to fundamentally change how institutional investors and their providers manage risk.

Key themes in this issue include mandatory clearing, the evolving role of central counterparties, impacts on liquidity and tri-party repo structures. We also present viewpoints and concerns voiced by buy-side and sell-side representatives during our proprietary conferences held earlier this year. Additionally, we provide perspectives on possible implications of Basel III in the Asia market and an update on U.S. triparty repo reform.

You may have read recently that J.P. Morgan unified several of its wholesale businesses. The Investment Bank, Treasury & Securities Services, and the Global Corporate Bank businesses currently serve many of the same corporate and investor clients, and they are now being combined into the Corporate & Investment Bank, which we believe will be the strongest and most complete institutional client franchise in the industry. The key driver of this change is to make it easier for our clients to access the broad expertise of J.P. Morgan.

One new example of our delivering the united capabilities of our wholesale bank is the formation of a new venture called Agency Clearing, Collateral & Execution that will provide clients the option to benefit from a holistic approach to execution, clearing and collateral management services. For more information about the integration effort led by Emily Portney, please refer to the Q&A.

Thank you for reading Thought. Please know that your questions and comments are always welcome and may be sent to thought_magazine@jpmorgan.com.

Dinkar Jetley

Thought, Fall 2012

Download the full .pdf>>