JPMorgan's Dimon Says U.S. Needs Systemic Risk Regulator: Video
March 11 (Bloomberg) -- Jamie Dimon, chief executive officer of JPMorgan Chase & Co., speaks about the need to establish a "systemic risk regulator" and set up procedures to deal with potential failures of large financial institutions.
Dimon, speaking at a conference hosted by the U.S. Chamber of Commerce in Washington, also discusses his firm's use of aid from the Troubled Asset Relief Program and the outlook for the financial market crisis. (Source: Bloomberg)
00:00 Outlook for crisis: no "silver bullets" 01:13 Bank bailouts, recession, credit markets 04:58 Causes, contributors to economic crisis 08:34 "Blame" for regulatory lapses and mistakes 11:07 Global imbalances; acceptance of TARP aid 13:09 Stimulus package, Fed response to crisis 15:18 Banking regulation "changes": systemic risk 17:00 Mortgage, securitization, accounting rules 18:49 JPMorgan culture: Bear Stearns, charity 21:22 "Signs of recovery"; need to act in "union" 23:07 Questions: JPMorgan employees, recruitment 24:02 Government's exit strategy from bank aid 25:52 Bank pay structure; mark-to-market accounting 30:04 Mortgage modifications; outlook for crisis
Running time 33:25
Last Updated: March 11, 2009 16:47 EDT
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