Commentators are split on Basel comments by JPMorgan's Dimon

JPMorgan Chase CEO Jamie Dimon said recently that Basel III capital rules are "anti-American" and that the US should consider exiting the Basel Committee on Banking Supervision. His comments are being scrutinised by commentators and others, with some saying he has valid points and others arguing that the rules won't put the US at a disadvantage. Meanwhile, EU Internal Market Commissioner Michel Barnier responded to Dimon's comments by defending the Basel rules.

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