JPMorgan yesterday announced it will stop structuring interest-rate derivative products for governmental municipal issuers, while also instituting a number of measures designed to tighten controls across its tax-exempt capital markets business.

The changes come as JPMorgan and other firms face legal scrutiny over their role in the muni derivative market.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.