JPMorgan says it followed disclosure rules for VaR changes

03/28/2013 | Bloomberg

JPMorgan Chase's value-at-risk model was subjected only to an "interim change," according to a letter sent to the Securities and Exchange Commission in December by then-Chief Financial Officer Douglas Braunstein. The letter, which was made public this week, was a response to an SEC inquiry from November asking why VaR changes weren't disclosed until May.

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