Faculty News

Nobel Laureate & Prof. Robert Engle on JP Morgan's trading loss

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.'"

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Additional coverage appeared in Bloomberg Businessweek.