From HuffPo: The United States should consider pulling out of the Basel group of global regulators, Jamie Dimon, chief executive of JPMorgan Chase, said in an interview with the Financial Times. Dimon said he was supportive of forcing banks to have more capital but argued that moves to impose an additional charge on the largest global banks went too far, particularly for U.S. lenders.
He was quoted as describing new international bank capital rules as "anti-American". "I'm very close to thinking the U.S. shouldn't be in Basel anymore. I would not have agreed to rules that are blatantly anti-American," he said in the interview. "Our regulators should go there and say: 'If it's not in the interests of the U.S., we're not doing it'."
Dimon also criticised liquidity rules, arguing that regulations that viewed covered bonds as highly liquid but discounted government-backed, mortgage-backed securities in the United States were unfair…
More? Check out http://www.huffingtonpost.com/2011/09/11/jamie-dimon-jpmorgan-chase-rules_n_957740.html
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