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Testimony: Thomas Curry, U.S. Comptroller of the Currency - Remarks to Senate hearing on JPMorgan 'London Whale' trading loss

( March 15, 2013, 13:30 GMT | Official Statement) -- MLex Summary: Regulators should tighten their scrutiny of large banks' changes to internal risk models in the wake of JPMorgan's $6 billion trading loss last year, U.S. Comptroller of the Currency Thomas Curry will tell lawmakers Friday. The OCC's 65 on-site examiners at JPMorgan had failed to fully grasp the risks posed by the bank's outsized derivatives bet, Curry acknowledged in prepared testimony.Please see document below....

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