Social Sharing
Extended Viewer
Market Insight - The JP Morgan Surprise and the Need for Risk Governance
May 26, 2012
During a conference call on May 10, JP Morgan’s CEO disclosed a surprise loss of over $2 billion on its Chief Investment Office Portfolio, and at the same time revised previous disclosures about the risk of this portfolio in the first fiscal quarter. Based on what the bank has disclosed, what lessons on risk governance can the industry draw from this episode?
Download