In 2005, JP Morgan created a unit within its Chief Investment Office and named Ina Drew as the Chief Investment officer. In the end of the year 2012, the Chief InvestmentOfficerevealed that the unit had lost at least $6.2 billion because of trades in the credit derivatives market.

a) Describe three senior executive officers who faced criticism because of their role in the operations of the Chief InvestmentOffice.

b) Explain what types of issues JP Morgan explored in the company's internal investigation of the London Whale trades.

c) In 2013,JPMorganentered into agreements with U.S. regulators and agreed to pay $920 million to settle charges related to the London Whale trades. What types of risk management shortcomings did U.S. and foreign regulatorsandJPMorgan, through the company's internal investigation, identify related to the London Whale trades?