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| I'd like to change some money http://elephanttube.in.net/ elephant list Another key consideration for the SEC was whether the bank made the proper disclosures about an early 2012 model change that masked the risks being taken, the people close to the matter said. J.P. Morgan has acknowledged during the first quarter of 2012 its Chief Investment Office put in place a new model for a measure known as Value-at-Risk that had the effect of playing down bets being taken by a group of traders in London. It didn't disclose that a new VaR had been installed when reporting first-quarter earnings on April 13, 2012. |
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