JPMorgan loss fallout could hit energy markets: IEA | Bangkok Post: news

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JPMorgan loss fallout could hit energy markets: IEA

The $2 billion (1.59 billion euros) loss at US giant JPMorgan Chase on risky derivatives trades could prompt regulatory changes affecting energy markets where banks have been major players, the IEA said on Wednesday.

The $2 billion (1.59 billion euros) loss at US giant JPMorgan Chase on risky derivatives trades could prompt regulatory changes affecting energy markets where banks have been major players, the IEA said on Wednesday.

Announcing the losses in May, JPMorgan Chase chief executive Jamie Dimon said the bank had been "stupid," and attributed the loss to a change in the risk assessment made in its highly complex trading models.

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