JP Morgan CEO Dimon: Banking regulators should not artificially increase capital requirements.

Jamie Dimon, CEO of JPMorgan Chase, said on Tuesday that American banking regulators should not artificially raise capital requirements. His comments further reinforced his opposition to the new regulations. He had previously stated that these new rules would unfairly burden JPMorgan Chase. Dimon said during the quarterly earnings call that proposed changes to the calculation of capital requirements were "unfair," as they would significantly disadvantage JPMorgan Chase and other large universal banks, while benefiting Wall Street's large trading institutions. Dimon said they should not artificially inflate the numbers and that if regulators believe they should hold more capital, they should directly request it from them. These comments highlight the growing rift between JPMorgan Chase and regulatory agencies. At the same time, it is widely believed that the latest proposals are more favorable to the banking industry compared to the original version from 2023. JPMorgan Chase had previously stated that under the new draft, their capital requirements would increase by about 4%, while competitors' capital requirements could decrease by an average of 4.8%.