Basel III rules will "stifle" growth, Dimon says

04/5/2011 | Wall Street Journal, The · Reuters

JPMorgan Chase CEO Jamie Dimon said the Basel III capital standards for banks are excessive. "I just think people should take a deep breath if they're talking about adding more capital at this point," he said. "Remember, there [are already] far higher capital requirements, and more liquidity, resolution [authority], more regulators, more stress testing. So it's not just this one change that we're making."

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Wall Street Journal, The · Reuters

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