Yes indeed. Jamie publicly mentions often how onerous regulations are and how much it’s impacting their ability to operate and innovate.
If I had a magic wand, I would reduce concentration of capital in the banking sector. American regulators seem to prefer regulating a fewer # of large banks over many smaller banks, which tend to be harder to control and oversee and are more prone to failure.
Way off topic but I see merit to Glass Steagall act which barred consumer banks from engaging in investment banking activity. The issue is that for it to work, Europe and Asia would need to adopt the same legislation.
If I had a magic wand, I would reduce concentration of capital in the banking sector. American regulators seem to prefer regulating a fewer # of large banks over many smaller banks, which tend to be harder to control and oversee and are more prone to failure.
Way off topic but I see merit to Glass Steagall act which barred consumer banks from engaging in investment banking activity. The issue is that for it to work, Europe and Asia would need to adopt the same legislation.