On the recordMarch 14, 2013
Now, in May 2012, after the media disclosure of the whale trades, the bank determined the new VaR model was not portraying the SCP's risk accurately.
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congress.govCarl Levin: “Now, in May 2012, after the media disclosure of the whale trades, the bank determined the new VaR model was not…”
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Levin discusses the bank's failure to accurately assess risk after media disclosures.
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