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JPMorgan Chase Board Reportedly Shaking Up Risk Policy Committee – American Banker

The board of JPMorgan Chase & Co. (JPM) is expected to shake up its risk policy committee in the wake of more than $2 billion in trading losses…

The blowup at the nation’s largest bank by assets has raised questions among shareholders about the strength of risk controls and the level of oversight at the board, and tarnished the risk-management reputation of Chairman and Chief Executive James Dimon…

The risk panel currently is chaired by James Crown, who is president of investment firm Henry Crown & Co., and includes two other members: Ellen Futter, the longtime president of the American Museum of Natural History…

via JPMorgan Chase Board Reportedly Shaking Up Risk Policy Committee – Syndication Content Article – American Banker.

I’m sure that that wellspring of experience in museum operations was a big help in overseeing financial risk management of the JP Morgan 700 story derivatives tower.

Yeah, that’s the ticket.

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