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

1 Faculty News May 12, 2012 ![Bloomberg logo](/sites/default/files/styles/246w/public/assets/images/bloomberg192x144.jpg?itok=yV529lwz)>

Excerpt from [Bloomberg](http://www.bloomberg.com/news/2012-05-12/jpmorgan-s-trading-loss-may-call-for-more-fed-supervision.html) -- "'We think of JP Morgan as being one of the more systemic institutions because it is so big,' said [Engle](http://www.stern.nyu.edu/faculty/bio/robert-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.'"

[Read more](http://www.bloomberg.com/news/2012-05-12/jpmorgan-s-trading-loss-may-call-for-more-fed-supervision.html)

Additional coverage appeared in [Bloomberg Businessweek](http://www.businessweek.com/news/2012-05-11/fed-officials-seek-more-info).