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Recent Editions
Risk Channel
North America
The European Commission has said Washington must abide by the terms of the trade deal reached last year with the EU, after President Donald Trump announced new global tariff hikes a day after the Supreme Court struck down his sweeping "reciprocal" import duties. "A deal is a deal," said a commission statement. "As the United States' largest trading partner, the EU expects the U.S. to honor its commitments set out in the Joint Statement - just as the EU stands by its commitments," it added. "The European Commission requests full clarity on the steps the United States intends to take following the recent Supreme Court ruling on the International Emergency Economic Powers Act (IEEPA)."
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Risk Channel
UK/Europe
The European Central Bank (ECB) has fined JPMorgan’s European unit €12.18m ($14.32m) for misreporting capital requirements after incorrectly calculating risk-weighted assets. The ECB said that “between 2019 and 2024” the bank reported risk-weighted assets that were too low because it misclassified corporate exposures for 15 consecutive quarters and applied a lower credit-risk weight than banking rules require. The ECB also said some transactions were improperly excluded from calculations. JPMorgan said it acknowledged the fine, self-reported the issues, and has fully remediated them.
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