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Basel III News, October 2011

By George Lekatis
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By George Lekatis
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We had another interesting month.

To hope that some of the Basel iii rules will be more flexible is one thing. The belief that the Basel iii rules are anti-American is another.

Jamie Dimon, the Chief Executive Officer of J.P. Morgan finds the Basel III rules "anti-American."

In an interview with Financial Times, Dimon said:

"I'm very close to thinking the U.S. shouldn't be in Basel anymore. I would not have agreed to rules that are blatantly anti-American".

Mr Dimon has now some new friends and ...

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