Permanent Subcommittee on Investigations

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

Date: March 15, 2013
Time: 9:30am
Location: SDG-50 Dirksen Senate Office Building
Agenda:

The Permanent Subcommittee on Investigations held a hearing, “JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses,” on Friday, March 15, 2013, at 9:30 a.m., in Room G-50 of the Dirksen Senate Office Building. 

The Subcommittee examined matters relating to credit derivative trades made by the JPMorgan Chase Chief Investment Office.  The Subcommittee issued a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings and recommendations.  Witnesses included representatives from JPMorgan Chase and the Office of the Comptroller of the Currency.     

Member Statements

CHAIRMAN

CARL

LEVIN

(Democrat -
 MI)

RANKING MINORITY MEMBER

JOHN

McCAIN

(Republican -
 AZ)

Witnesses

PANEL 1

INA

DREW

Former Chief Investment Officer

JPMorgan Chase Bank NA

PANEL 1

ASHLEY

BACON

Acting Chief Risk Officer

JPMorgan Chase Bank NA

PANEL 1

PETER

WEILAND

Former Head of Market Risk - Chief Investment Office

JPMorgan Chase Bank NA

PANEL 2

MICHAEL J.

CAVANAGH

Co-Chief Executive Officer - Corporate & Investment Bank

JPMorgan Chase Bank NA

PANEL 3

THE HONORABLE THOMAS J.

CURRY

Comptroller of the Currency

U. S. Department of the Treasury

Related Links

PRINTED HEARING RECORD - Vol. 1

PRINTED HEARING RECORD - Vol. 2