JPMorgan Chase CEO Jamie Dimon has launched a scathing critique of recent regulatory efforts, arguing that they are creating an unfair playing field for banks and hurting lower-income individuals and small businesses. Dimon specifically targeted the upcoming Basel III endgame reforms, which he believes could place undue strain on banks, especially those categorized as globally significant. He called for a reassessment of current regulations and a focus on improving the system’s effectiveness.
JPMorgan Chase CEO Jamie Dimon has launched a scathing critique of recent regulatory efforts, arguing that they are creating an unfair playing field for banks and hurting lower-income individuals and small businesses. Dimon specifically targeted the upcoming Basel III endgame reforms, which he believes could place undue strain on banks, especially those categorized as globally significant. He called for a reassessment of current regulations and a focus on improving the system’s effectiveness.
