JPMorgan's EU Arm Fined EURO 12.18M by ECB for Capital Errors

Key Takeaways JPMorgan's EU arm was fined EURO 12.18M by the ECB for misreporting capital requirements.Between 2019 and 2024, JPMorgan understated RWAs for 15 quarters, misclassifying corporate exposures.For 21 quarters, JPMorgan excluded CVA-related transactions, prompting a severe negligence finding.JPMorgan Chase’s (JPM) European arm, J.P. Morgan SE, has been fined €12.18 million ($14.32 million) by the European Central Bank (ECB) for incorrectly reporting its capital requirements. The action follows fin ...