JP Morgan Reports Increase In Average Daily Market Risk
NEW YORK--JP Morgan has disclosed enterprise-wide risk figures in its 1997 annual report, reporting an increase in market risks associated with its trading activities. The New York-based bank's annual report also details capital adequacy ratios based on the Federal Reserve board's new risk-based capital rules. Adoption of the new rules has had a "beneficial impact" on the bank's capital ratios, says the report.
On the market risk side, JP Morgan disclosed an average daily VAR of $23 million for
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