In an earnings call on July 15th, Jamie Dimon, the boss of JPMorgan Chase, made a familiar complaint. He rattled off a litany of burdensome, overlapping regulations: “SLR, G-SIFI, CCAR, Basel III, FSRT”. He then called on regulators to draw “a deep breath”, step back and take stock. Reform was necessary, he said, to “create more liquidity, more loans and a safer system.”
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