U.S. Senate Permanent Subcommittee on Investigations Holds Hearing and Publishes Report Examining Matters Relating to Credit Derivative Trades Made by the JPMC
The Permanent Subcommittee on Investigations held a hearing on March 15 entitled "JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses." Witnesses included representatives from JPMorgan Chase and the Office of the Comptroller of the Currency.
A Subcommittee staff report was also released summarizing its investigative findings and recommendations.
See below for a list of witnesses and available testimonies.
Panel 1
- INA DREW, Former Chief Investment Officer, JPMorgan Chase Bank NA, New York, NY Download Testimony (85.4 KB)
- ASHLEY BACON, Acting Chief Risk Officer, JPMorgan Chase Bank NA, New York, NY Download Testimony (121.7 KB)
- PETER WEILAND, Former Head of Market Risk - Chief Investment Office, JPMorgan Chase Bank NA, New York, NY Download Testimony (39 KB)
Panel 2
- MICHAEL J. CAVANAGH, Co-Chief Executive Officer - Corporate Investment Bank, JPMorgan Chase Bank NA, New York, NY Download Testimony (626.6 KB)
- DOUGLAS L. BRAUNSTEIN, Current Vice Chairman, JPMorgan Chase Bank NA, New York, NY
Panel 3
- THE HONORABLE THOMAS J. CURRY, Comptroller of the Currency, U. S. Department of the Treasury, Washington, DC Download Testimony (73.3 KB)
- SCOTT WATERHOUSE, Examiner-in-Charge - OCC National Bank Examiners - JPMorgan Chase, Office of Comptroller of the Currency, Washington, DC
- MICHAEL SULLIVAN, Deputy Comptroller for Risk Analysis - Risk Analysis Department, Office of the Comptroller of the Currency, Washington, DC
Click hereto view staff report in full.