J.P. Morgan Chase CEO Dimon said on Tuesday that US banking regulators should not artificially raise capital requirements. This statement further strengthened his opposition to the new regulations. He previously said that these new regulations would place an unfair burden on J.P. Morgan. In the quarterly report conference call, Dimon said that the proposed revisions to the calculation method of bank capital requirements are “unfair”. These proposals are clearly disadvantageous to J.P. Morgan Chase and other large comprehensive banks, yet they benefit large Wall Street trading institutions. Dimon said they should not raise the numbers by false means. “If they think we should hold more capital, they should ask us directly.” These remarks highlight the deepening differences between J.P. Morgan Chase and regulators. Meanwhile, outsiders generally believe that the latest proposal is more beneficial to the banking industry than the original 2023 version. J.P. Morgan previously said that according to the new draft, the bank's capital requirements will increase by about 4%, while competitors' capital requirements can be reduced by an average of 4.8%.

J.P. Morgan Chase CEO Dimon said on Tuesday that US banking regulators should not artificially raise capital requirements. This statement further strengthened his opposition to the new regulations. He previously said that these new regulations would place an unfair burden on J.P. Morgan Chase. In the quarterly report conference call, Dimon said that the proposed revisions to the calculation method of bank capital requirements are “unfair”. These proposals are clearly disadvantageous to J.P. Morgan Chase and other large comprehensive banks, yet they benefit large Wall Street trading institutions. Dimon said they should not raise the numbers by false means. “If they think we should hold more capital, they should ask us directly.” These remarks highlight the deepening differences between J.P. Morgan Chase and regulators. At the same time, outsiders generally believe that the latest proposal is more beneficial to the banking industry than the original 2023 version. J.P. Morgan previously said that according to the new draft, the bank's capital requirements will increase by about 4%, while competitors' capital requirements can be reduced by an average of 4.8%.