Bank of England's Sharp says the 'London Whale' shows financial-stability risks of banks with huge pools of financial instruments.
By Jennifer Ryan, Bloomberg|June 04, 2013 at 12:13 PM|Originally published on Treasuryandrisk.Com
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
Richard Sharp, a member of the Bank of England’s Financial Policy Committee (FPC), said the so-called London Whale losses at JPMorgan Chase & Co. illustrate the financial-stability risks posed by firms “too big to manage.”