A special report on financial risk: A matter of principle  

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Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 394 no. 8669 (Feb. 2010), page 50+9.
Topik: Financial Risk; Banks; Collateralised Debt Obligations (CDOs); Structured Investment Vehicles (SIVs)
Fulltext: A Matter of Principle.pdf (54.66KB)

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.59 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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JPMORGAN CHASE managed to avoid big losses largely thanks to the tone set by its boss, Jamie Dimon. A voracious reader of internal reports, he understands financial arcana and subjects staff to detailed questioning. PowerPoint presentations are discouraged, informal discussions of what is wrong, or could go wrong, encouraged. These “soft” principles are supplemented by a hard-headed approach to the allocation of capital. Though the bank suffered painful losses in leveraged loans, it was not tripped up by CDOs or structured investment vehicles (SIVs), even though it had been instrumental in developing both products. Nor was it heavily exposed to AIG, an insurance giant that got into trouble.

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