London Whale boss in tribunal claim against City watchdog
THE BANKER accused of helping a derivatives trader hide $6.2bn ($3.8bn) of losses from JP Morgan’s senior managers and the regulators has filed a legal case against the City watchdog.
Javier Martin-Artajo was the manager of the so-called London Whale trader.
He filed the case against the Financial Conduct Authority (FCA) earlier this month, Justice Department records show.
However, no date has yet been set for a hearing, nor are details about the case provided.
It is thought that he may be objecting to the details given out by the UK and other regulators when agreeing a $920m settlement with JP Morgan last year over compliance failings in the case.
The details did not name Martin-Artajo but his identity was later discovered by the wider media.