
Regulators scrutinize banks' exposure to trading firms after Jane Street's $15B hit
Regulators including the US Federal Reserve and Bank of England are asking banks for details on exposures to large trading firms after Jane Street's $15 billion loss tied to the AI-focused Situational Awareness hedge fund, seeking information on risk appetite, how exposure evolved during the trading day, and how risk controls operated; the report notes August SEC subpoenas of banks over Situational Awareness, with Reuters not yet able to verify the FT story.













