Tag Archives: JPMorgan Chase

JP Morgan “London Whale” series by Lisa Pollack

I discuss the JP Morgan “London Whale” credit derivatives trading loss in my “Practical Risk Management Course” at the University of Chicago Booth School of Business. I found Lisa Pollack’s discussion of the background and details invaluable. The following is … Continue reading

Posted in Risk Management | Tagged , , | Leave a comment

Graceful Failure and JPMorgan’s Loss

The biggest challenge facing regulators and politicians following the financial crisis is to engineer a regime that allows graceful failure for systemically important financial firms. Failure is, ironically, one of the great strengths of a market-based economy – the creative … Continue reading

Posted in Economics, Musings | Tagged | Leave a comment

JPMorgan Chase loss seems to be an idiosyncratic trading loss

The JPMorgan Chase loss seems to be a plain-vanilla trading loss – unfortunate and bad news, but not a sign of something more serious in the financial system. Bad as they are, we have lived with these kind of trading … Continue reading

Posted in Musings, Risk Management | Tagged | Leave a comment