Dimon in attack on Canada’s bank chief
Jamie Dimon of JPMorgan Chase launched a tirade at Mark Carney, Bank of Canada governor, in a closed-door meeting in front of more than two dozen bankers and finance officials, underscoring mounting tensions between bankers and officials over financial regulation.
.. Regulators have more sympathy with banks’ concerns that activity will migrate to the unregulated “shadow” banking sector.
Mr Carney said shadow banking was “at least as large as the regulated sector…[but] often unregulated and/or overseen by authorities without a systemic focus. This should change.”