JPMorgan Chase (JPM) is facing new regulatory burdens. And these burdens make the bank's impending selection of two new board members critical.

Yahoo! Finance explains:

JPMorgan Chase is close to naming two new, yet unnamed, directors with finance and risk management expertise to its board, sources say, as the bank faces increasing regulatory scrutiny, reports Bloomberg. The board has not voted on the candidates and a decision is likely to come next month, the sources added.