JPMorgan Chase CEO Jamie Dimon criticized US banking regulations at the American Bankers Association conference.

JPMorgan Chase CEO Jamie Dimon criticized recent U.S. banking regulations during the American Bankers Association conference, calling for a stronger industry response to what he termed an "onslaught" of unnecessary rules. He specifically opposed Basel III reforms and the CFPB's open banking rule, arguing they create unfair conditions and risks for banks. Dimon emphasized the need for banks to challenge these regulations proactively and highlighted the impact of excessive regulation on financial operations.

October 28, 2024
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