# Professor Roy Smith is interviewed about JPMorgan's conflict with the Indonesian government

1 Faculty News January 3, 2017 ![Reuters logo](/sites/default/files/styles/246w/public/assets/images/con_030503.jpg?itok=0OAgrDF0)>

Excerpt from [Reuters](http://www.reuters.com/article/us-indonesia-bonds-jpmorgan-idUSKBN14N0BS) -- "'(It's) a mistake by Indonesia, which needs JPMorgan's support and advice more than the bank needs Indonesia,' [Smith](http://www.stern.nyu.edu/faculty/bio/roy-smith) said. 'No effort by governments unhappy with research calls to "discipline" the banks have been successful, though efforts are made from time to time to satisfy local political expectations.'"

[Read more](http://www.reuters.com/article/us-indonesia-bonds-jpmorgan-idUSKBN14N0BS)