JPMorgan's Dimon slams CFTC on swaps crackdown

Reuters

WASHINGTON (Reuters) - Jamie Dimon, chief executive of Wall Street giant JPMorgan Chase, lashed out on Wednesday at efforts by U.S. regulators to police the $600 trillion swaps market, in which his bank is a big player.

New regulations being implemented by the U.S. Commodity Futures Trading Commission, mandated under 2010's Dodd-Frank Wall Street reforms, "would damage America," Dimon said at a U.S. Chamber of Commerce event on capital markets.

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He was upbeat about the economy, however. "Corporate America is in very good shape. It's well-financed, it's well-funded," he said. "The consumer is spending ... housing is better than it was."

(Editing by Dave Zimmerman)