JP Morgan Chase’s CEO, James Dimon, said that the current regulations on capital are strong enough, The Wall Street Journal reports. He further added that the present 7% tier one common ratio that banks will need to meet Basel III regulations is sufficient.
If regulators force banks to hold too much excess capital cushions it may lead to some banks taking hasty decisions, added Dimon. He is also concerned about excess capital builds.
Click here for the story from The Wall Street Journal.