JP Morgan logs two VAR breaches as trading revenue slumps

- By Lorenzo Migliorato
- 20 Feb 2025

JP Morgan experienced two value-at-risk breaches in the fourth quarter of 2024, coinciding with its weakest trading performance in more than a year.

Regulatory VAR, which estimates the largest potential daily trading loss, failed backtesting twice, with actual losses equivalent to 262% of its modelled estimate on one occasion and 108% on another.

The specific days and loss amounts were not

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.

If you would like to purchase additional rights please email info@risk.net