Faculty News
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Nobel Laureate & Prof. Robert Engle on JP Morgan's trading loss
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![Bloomberg logo Bloomberg logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloomberg192x144.jpg?h=cd55d432&itok=ejpGXpik)
Excerpt from Bloomberg -- "'We think of JP Morgan as being one of the more systemic institutions because it is so big,' said Engle, who helped develop a model of systemic risk at the Stern school’s Volatility Institute. 'But because it is big, a loss like this is not going to bring it to its knees.'"
Faculty News
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![Bloomberg logo Bloomberg logo](/sites/default/files/styles/192w_x_144h/public/assets/images/bloomberg192x144.jpg?h=cd55d432&itok=ejpGXpik)
Excerpt from Bloomberg -- "'We think of JP Morgan as being one of the more systemic institutions because it is so big,' said Engle, who helped develop a model of systemic risk at the Stern school’s Volatility Institute. 'But because it is big, a loss like this is not going to bring it to its knees.'"