Dimon calls for regulatory changes in shareholder letter

JPMorgan Chase & Co Chief Executive Jamie Dimon devoted one-third of his annual shareholder letter to arguments for changing regulations, particularly those on bank capital and liquidity, as well as home mortgage loan financing.

Current regulations are inconsistent and have left banks with “too much capital,” some of which could be used to “finance the economy without sacrificing safety,” Dimon said in the 17,349-word letter released on Tuesday.

He also warned that anti-trade policies could be disruptive and geopolitical risks are in a “heightened state.”

Read on.

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