JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon said the U.S. should consider withdrawing from the Basel group of global regulators and that new international capital rules are "anti-American," according to the Financial Times.
"I'm very close to thinking the United States shouldn't be in Basel anymore," Dimon said in an interview, the newspaper reported today. "I would not have agreed to rules that are blatantly anti-American."
Dimon, 55, who leads the most profitable U.S. lender, has criticized regulators for new global capital requirements under Basel III and U.S. rules being formulated under the Dodd-Frank Act. In June, Dimon took an unusual step in pressing Bernanke in a public forum on whether regulators have overreached in reining in the banking system and are slowing economic growth.
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