LIVE on C-SPAN3: Senate Hearing on Derivative Trades Former and current JPMorgan Chase executives testify about the practices that led to the firm's $6.2-billion "London Whale" trading losses during a hearing of the Senate Homeland Permanent Subcommittee on Investigations.

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Agenda

The Permanent Subcommittee on Investigations has scheduled a hearing, “JPMorgan Chase Whale Trades: A Case History of Derivatives Risks and Abuses,” on Friday, March 15, 2013, at 9:30 a.m., in Room G-50 of the Dirksen Senate Office Building.  The Subcommittee will examine matters relating to credit derivative trades made by the JPMorgan Chase Chief Investment Office.  The Subcommittee expects to issue a Subcommittee staff report in conjunction with the hearing summarizing its investigative findings and recommendations.  Witnesses will include representatives from JPMorgan Chase and the Office of the Comptroller of the Currency.  A witness list will be available Wednesday, March 13, 2013.   

Witnesses

PANEL 1

• INA DREW

Former Chief Investment Officer Download Testimony (85.4 KB)

• ASHLEY BACON

Acting Chief Risk Officer Download Testimony (121.7 KB)

• PETER WEILAND

Former Head of Market Risk - Chief Investment Office Download Testimony (39 KB)

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PANEL 2

• MICHAEL J. CAVANAGH

Download Testimony (626.6 KB)

• DOUGLAS L. BRAUNSTEIN

Current Vice Chairman

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PANEL 3

• THE HONORABLE THOMAS J. CURRY

Download Testimony (73.3 KB)

• SCOTT WATERHOUSE

Examiner-in-Charge - OCC National Bank Examiners - JPMorgan Chase

• MICHAEL SULLIVAN

Panel 1

Panel 2

Panel 3