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What happened at JP Morgan Chase and the Internal Risk Controls that Could Have Prevented It
- By: ComplianceOnline Expert
- Date: June 07, 2012
Abstract:In May 2012, the Chief Executive Officer (CEO) of J P Morgan Chase, Jamie Dixon, announced that the bank had suffered losses to the tune of USD 2 billion because of mistakes made while trading in derivatives. This article discusses the background to this event and the risk controls that could have prevented it.
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