Stephen Nurse
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Stephen Nurse
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<ul><li>Led the global implementation of FVA and lifetime cost of capital (KVA) for the derivative franchise, that had a significant impact on the firm (<a href="https://www.bloomberg.com/opinion/articles/2014-01-15/it-cost-jpmorgan-1-5-billion-to-value-its-derivatives-right-draft">$1.5bn P&L adjustment</a>).</li><li>Led external liaison with respect to regulatory changes including Non-Cleared Margin and changes to the capital metrics (e.g. SLR, LCR & NSFR).</li><li>ISDA Collateral committee co-chair.</li></ul>
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