2016 | OriginalPaper | Chapter
JPMorgan’s Whale of a Risk Management Failure
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The distress experienced by one bank after another during the financial crisis revealed weak risk management practices. However, some banks appeared to have instituted sound risk management and were able to weather the storm without a bailout or a significant restructure. JPMorgan Chase was a bank that was viewed as a role model for best practice risk management, and its CEO, Jamie Dimon, was highly regarded.