From Our Better-Late-Than-Never Dept.: J.P. Morgan Plans Risk-Panel Shift

The board of J.P. Morgan Chase & Co. is expected to shake up its risk-policy committee in the wake of more than $2 billion in trading losses, people familiar with the matter told the WSJ.

Directors Timothy Flynn and James Bell, who joined the New York company's board over the past year and have backgrounds in risk and finance, are considered candidates to join the committee, these people said. Either Mr. Flynn or Mr. Bell is expected to join the risk panel, a person familiar with the bank said.

The change was in the works before the company on May 10 disclosed….

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