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Question 2 (20 marks) a) Describe the failure in risk management in JP Morgan during the London Whale episode. What risk management strategies would you

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Question 2 (20 marks) a) Describe the failure in risk management in JP Morgan during the London Whale episode. What risk management strategies would you recommend for JP Morgan moving forward? (word limit: 500). (10 marks) b) Discuss and identify at least four differences in the methods of calculation and risks included between banks and insurance companies (word limit: 500). (10 marks) Feel free to upload your response in a word file if necessary

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