JPMorgan’s Dimon slams CFTC on Swaps Crackdown
April 2, 2011 by admin · Leave a Comment
Jamie Dimon, chief executive of Wall Street giant JPMorgan Chase, lashed out at efforts by U.S. regulators to police the $600 trillion swaps market, in which his bank is a big player.
New regulations being implemented by the U.S. Commodity Futures Trading Commission, mandated under 2010′s Dodd-Frank Wall Street reforms, “would damage America,” Dimon said Wednesday at a U.S. Chamber of Commerce event on capital markets.
He was upbeat about the economy, but criticized aspects of the sweeping Dodd-Frank law.
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