Ben Kingsley is a partner in Slaughter and May's Financial Regulation Group. On a regular basis, Ben shares his thoughts with PLC Financial Services subscribers on topical developments in the banking and investment services sector.

In his October 2013 column, Ben considers the FCA's recent enforcement action against JP Morgan Chase Bank N.A. for serious failings relating to losses sustained by the bank's Chief Investment Office as a result of the "London Whale" trades.