LIVE on C-SPAN3: Senate Hearing on Derivative Trades
Former and current JPMorgan Chase executives testify about the practices that led to the firm’s $6.2-billion “London Whale” trading losses during a hearing of the Senate Homeland Permanent Subcommittee on Investigations.
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The Permanent Subcommittee on Investigations has scheduled 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 will examine matters relating to credit derivative trades made by the JPMorgan Chase Chief Investment Office. The Subcommittee expects to issue a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings and recommendations. Witnesses will include representatives from JPMorgan Chase and the Office of the Comptroller of the Currency. A witness list will be available Wednesday, March 13, 2013. Agenda
Witnesses
PANEL 1
Former Chief Investment Officer
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ASHLEY BACON
Acting Chief Risk Officer
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PETER WEILAND
Former Head of Market Risk – Chief Investment Office
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PANEL 2
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MICHAEL J. CAVANAGH
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DOUGLAS L. BRAUNSTEIN
Current Vice Chairman
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PANEL 3
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THE HONORABLE THOMAS J. CURRY
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SCOTT WATERHOUSE
Examiner-in-Charge – OCC National Bank Examiners – JPMorgan Chase
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MICHAEL SULLIVAN
Panel 1
Panel 2
Panel 3
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