The Office of the Comptroller of the Currency (OCC) terminated a 2024 consent order against JPMorgan Chase on Thursday. The regulator originally issued the mandate due to deficiencies in the bank’s trade surveillance program.
The OCC deemed the order no longer necessary because the bank achieved compliance with safety and soundness regulations. The original enforcement required JPMorgan to establish a compliance committee and submit a formal remediation plan.
The termination removes restrictions that previously prevented the bank from joining new trading venues without supervisory approval. JPMorgan Chase shares rose 1.0% in afternoon trading following the announcement.