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

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361 pages
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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.
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