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Fortune
Fortune
Christiaan Hetzner

Jamie Dimon urges policymakers to avoid 'knee-jerk, whack-a-mole' regulations in aftermath of SVB collapse

J.P. Morgan CEO Jamie Dimon warned against a hasty, unconsidered policy response in the wake of SVB's collapse. (Credit: Marco Bello—Bloomberg via Getty Images)

The world’s most powerful banker wants Congress to think long and hard before taking any ill-advised actions against a financial industry reeling from two of the worst failures in U.S. history.

Imposing costly new oversight rules to prevent the collapse of other lenders like Silicon Valley Bank and Signature Bank could end up backfiring with tech companies like Apple coming out the winner, warned J.P. Morgan CEO Jamie Dimon.

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