JP Morgan
Keeping pace with a changing industry
Welcome to the 'new look' OpRisk & Compliance magazine. As many of our long-time readers will know, OpRisk & Compliance has come a long way over the past few years – we are working hard to keep up with the rapid evolution of the disciplines of…
JP Morgan launches first public international longevity index
Investment bank JP Morgan yesterday launched the first publicly available international index to trade longevity risk, in a bid to lead the development of a derivatives market.
Resolving the confusion
Risk control self-assessments have become a Tower of Babel for the op risk discipline, with a variety of different approaches being taken. Ellen Davis reports
JP Morgan hires retail structured products head
JP Morgan is making changes within its equity derivatives division in Asia, as part of a global reorganisation of its derivatives sales force, to create a retail-focused cross-asset-class group.
JP Morgan recommends changes to Basel II NPR
JP Morgan Chase has set out to US regulators what it considers to be the main operational concerns over the interagency notice of proposed rulemaking (NPR) to implement a new risk-based capital framework based on Basel II.
JP Morgan and Goldman restructure foreign exchange
JP Morgan and Goldman Sachs have made senior management changes to their foreign exchange divisions that will come into effect early next year.
JP Morgan launches implied volatility indexes
JP Morgan has launched indexes tracking the level of implied volatility in G7 and emerging-market economies.
RiskBusiness appoints new executive director
RiskBusiness, the London-based operational risk advisory firm, has hired Rick Cech as chief executive for the Americas.
TSE consults customers for trading technology upgrade
The Tokyo Stock Exchange (TSE) plans to cut response times and improve safety margins with a new IT system, according to a TSE report.
JP Morgan makes key appointments in global equities
JP Morgan has made several key personnel changes within the global equities group. The new appointments, which take effect immediately, include Nick Andrews, who takes on an expanded role as head of emerging markets for global equities, in addition to…
JP Morgan uses T-Zero for prime brokered CDS
New York-based technology firm T-Zero has announced its prime brokerage electronic affirmation utility has been used by a JP Morgan client for the first time.
JP Morgan makes senior appointment in pensions advisory group
JP Morgan has announced the appointment of Kevin Carter as managing director and head of the investment bank’s pension advisory group for Europe, Middle East and Africa (EMEA).
JP Morgan signs Fitzpatrick for credit trading role
JP Morgan has announced that Stephen Fitzpatrick has been appointed vice-president in flow credit trading, responsible for the industrial sector.
JP Morgan Chase veteran Don Wilson to retire
Don Wilson, chief risk officer at JP Morgan Chase, will retire later this year. His replacement has not yet been named.
Sidenius joins JP Morgan credit modelling team
Jakob Sidenius has joined JP Morgan Chase in London as senior vice-president in credit quantitative research. Sidenius, who has written a number of technical papers on the pricing of collaterised debt obligations (See: All your hedges in one basket ),…
JP Morgan launches tradable iTraxx total return swaps
JP Morgan has today launched tradable iTraxx total return swaps (TRS) that will enable investors to have both long and short exposure risk in the European credit derivatives market.
Threadgold quits JP Morgan to run market risk at UBS
Andrew Threadgold, global head of market risk at JP Morgan Chase, has quit the US dealer to take on a similar role as global head of market risk at UBS.
Risk 's Derivatives and Risk Management Summit Europe 2006: Dealers may face new raft of CDO litigation
Banks and securities firms could be hit with a wave of new litigation as they are still not properly explaining to investors the full risks associated with collateralised debt obligation (CDO) investments, said speakers at Risk ’s Derivatives and Risk…
Risk 's Derivatives and Risk Management Summit Europe 2006: Dealers may face new raft of CDO litigation
Banks and securities firms could be hit with a wave of new litigation as they are still not properly explaining to investors the full risks associated with collateralised debt obligation (CDO) investments, said speakers at Risk ’s Derivatives and Risk…
Ex-Deutsche’s Raynes to head Citigroup’s structured credit division
Citigroup has appointed Michael Raynes as head of its global structured credit products division in New York. He joins from Deutsche Bank, where he spent six years, most recently as head of the global CDO group and co-head of the global securitised…
Eric Viet quits JP Morgan to launch pension buy-out fund
JP Morgan’s Eric Viet has quit his position as head of the US banking giant’s European pensions group, to set up a private equity buy-out fund based in London. He is joined by Amédée Levillain, who worked alongside him at JP Morgan.
Standard confirmation for preferred CDS hammered out
Eight dealers have agreed upon standard documentation for preferred credit default swap (CDS) transactions. The new standards will likely enhance liquidity of the nascent market.
CDS IndexCo and Markit launch synthetic US CMBS index
CDS IndexCo and Markit have launched CMBX, a range of synthetic credit default swap (CDS) indexes of US commercial mortgage-backed securities (CMBS), which will trade from today.
Fed gets a pasting over capital rules
WASHINGTON, DC – The new capital rules for non-Basel II banks in the US received a pasting in comments from firms and industry bodies posted on regulatory websites in late January.