After the investigations regarding the London Whale trades, regulators discovered that the JP Morgan Chief Investment Office had not used conventional trading strategies to hedge their risk exposure. These trading strategies involve purchasing a form of insurance such as a credit default swap or acquiring securities or other liquid assets whose prices change in a manner that is in proportion yet opposite to the changes in the share prices of the assets in one's portfolio. Does the risk management failure related to the London Whale trades suggests that banks' risk management decisions should be subject to stricter scrutiny by regulators? Is it appropriate for regulators to offer risk management advice regarding the specific types of securities that a financial institution purchases? Would your answer to the previous question differ if the financial institution at issue is a conventional depository bank that maintains checking and savings accounts and accepts deposits from people with very limited income, assets and wealth?