JPMorgan Chase & Co. (NYSE: JPM) CEO Optimistic About Financial Reform

JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon is optimistic that financial reform is headed generally in the right direction, he commented during Japan Society’s Annual Dinner in New York.

“We’ll end up with something better than what we had before,” he said, but he noted that he is not expecting a perfect bill.

Dimon has publicly criticized some elements of the effort to reform the U.S.’s financial industry, such as the move to trade all derivative instruments on an exchange. Dimon added that he believes it is possible to find a way to wind down large systematically important companies without damaging taxpayers.

Dimon was introduced by White House Economic Adviser and former Federal Reserve Chairman Paul Volcker. The former Fed chairman said that Dimon was “at the top of his game” and that under Dimon’s leadership JPMorgan “maintained stability throughout the crisis.”

“I’m also proud to call myself a banker,” Dimon said.

In a short, but broad-ranging speech, DImon said that no individual or one group of people could take the blame for the financial crisis, but overall hat there was too much leverage in the system and that there were regulatory lapses.