Federal Reserve Announces Termination Of Enforcement Action Against JPMorgan Chase From January 2013


Monday, June 10, 2019    /   07:39AM   /   By Federal Reserve     / Header Image Credit: Temple MIS - Temple University


The Federal Reserve Board on Thursday announced the termination of an enforcement action against JPMorgan Chase & Co. from January 2013.


The enforcement action identified deficiencies in the firm's internal controls, particularly at the firm's Chief Investment Office (CIO), following the disclosure of significant losses in a large synthetic credit portfolio managed by the CIO.


The enforcement action required the firm to improve its risk-management program and internal audit functions and was terminated based on evidence of substantial improvements by the firm.


The enforcement action from January 2013 can be found here.



Proshare Nigeria Pvt. Ltd.



Related News

1.       JPMorgan Chase Unveils the First Digital Coin by a Bank – Feb 21, 2019

2.      Oando Update: SEC Aligns Principle Of Fair Hearing With Cooperation During Investigations

3.      FHC Grants Interim Injunction Against SEC and Mutiu Sunmonu In Suit Brought By Tinubu And Boyo

4.      NSE Release: Oando Plc Warns Against Unofficial Company News Circulating In The Media

5.      SEC Appoints Interim Management Team For Oando Plc Headed By Mr. Mutiu Olaniyi Adio Sunmonu

6.      Post-Forensic Exchanges: The SEC Letter to Oando Plc and The Oando Rebuttal

7.      Oando Challenges SEC’s Ruling On The Outcome Of The Forensic Audit Into Oando PLC

8.     SEC Announces Far Reaching Decisions On The Investigation Of Oando Plc

9.      SEC Awards $4.5m To Whistleblower Whose Internal Reporting Led To Successful Case and Related Action

10.  Criminal Investigation Initiated Into Bank Shares Fraud Allegations

11.   Court Okays Innoson On Its Execution of Judgment Against GTB

12.  SEC Grants Approval For The Commencement Of Payment To Investors Of Dantata Success

13.  No Monies Missing, Stolen in Nigeria’s Central Bank

14.  Access Bank vs Japaul Plc : FHC Judgment On Mareva Order And Jurisdiction

15.   NSE Defers Effective Date Of The Rules Governing Free Float Requirements Until Further Notice



Proshare Nigeria Pvt. Ltd.

Proshare Nigeria Pvt. Ltd.

Related News