This guest post is written by Matt Streeter, Product Manager of F3 at FINCAD. It is surely a daunting task to be the key decision maker at any organization and I’d wager it’s a whole lot more complicated at JP Morgan Chase. I certainly wouldn’t be envying the backpedaling and reshuffling that the Executive has had to do as of late, following the disclosures around the multi-billion dollar trading losses.

This guest post is written by Gurpreet Banwait who is the director of Insight Solutions Product Management at FINCAD. Although hedge accounting has been around for over a decade, there have been recent exposure drafts issued by both the Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) looking to update the standards. The proposals – such as ASC 815 (formerly known as FAS 133) and IFRS 9