In Early 2012, a portfolio inside JPMorgan Chase’s Chief Investment Office was breaching its risk limits. Then a new value-at-risk model arrived, and the problem seemed to vanish. The new model roughly halved the portfolio’s reported risk. Within months, the trades later known as the “London Whale” had generated losses https://johnnydyrke.wonderkingwiki.com/2735241/who_measures_the_measurer_institutional_lessons_in_algorithmic_trading_risk_management