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Publication

JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses

Senate Committee on Homeland Security and Governmental Affairs
Permanent Subcommittee on Investigations
Abstract
The Permanent Subcommittee on Investigations of the Senate Committee on Homeland Security and Governmental Affairs conducted an investigation into the JPMorgan Chase "whale" trades. The purpose was to look into JP Morgan Chase's perilously large trades that took over the credit markets in early 2012. High-risk trading activity and misconduct were discovered along with systemic issues relating to credit market within the United States alluding to the need for more oversight of banks' derivative trading activities, including improved regulation, effective documentation, and enforcement of risk limits.
Date
2013-03-15
Document Type
Senate Bipartisan Staff Report
Serial Number
Document Length
361 pages
Congress
113
Relation
DOI
Keywords
Staff Reports, Bipartisan
PAP Major Code
15: Banking, Finance, and Domestic Commerce
PAP Minor Code
1502: Securities and Commodities Regulation
Related Hearings
Press Releases and Contextual Information