JP Morgan Chase: the financial crisis could erupt again in 2015.

JP Morgan CEO Dimon <P> said the financial system after every 5 years to 7 years there will be a crisis. .At the same time as the U.S. banking sector reform measures in 2015, not yet in place, so the financial crisis will likely break out again in 2015. .This time the U.S. banking sector reforms to reduce the financial firms involved in the internal hedge funds and private equity shares, as well as bank leverage ratio is particularly important issues. .Who must wait a number of important provisions, but a few years is expected to take effect. .But regulators have also stepped up supervision and many U.S. banks have raised capital and reduce leverage. .</ P> <P> integrated media reported on August 9, JP Morgan Chase (JPMorganChase) CEO Dimon (JamieDimon) in January to the U.S. financial crisis, the Commission of Inquiry (FCIC), said the financial system, "Every 5 to .7 years "will be going through a crisis. .According to the measure, 2015 will be the next crisis comes, and that time has not yet put in place banking reforms. .</ P> <P> many global regulators by Congress and proposed to make the financial system crisis in the future of measures against hazards need to be executed after a few years. .Basel Committee on Banking Supervision (BaselCommitteeonBankingSupervision) plans by 2018, so that the world Bank to comply with the provisions of loan amount. .Volcker rule (VolckerRule) is Dodd - Frank bill (Dodd-FrankAct) a provision, the rule will enable the companies to cut internal hedge funds and private equity part of the share, but still need some time before 12 years .take effect. .Bank's leverage ratio reflects the ability of banks to use loans and investment capacity, rather than the liquidity portfolio has led to the worst since the Great Depression, the credit crisis. .New York University Stern School of Business professor and a former partner at Goldman Sachs, Smith (RoyC.Smith) said, "Based on our effective and speedy implementation of the government's ability to make these measures analysis, we believe that another 8 or 10 years will also .there will be financial risks, which is a bit scary. "</ P> <P> U.S. Treasury secretary (TimothyGeithner) in the period before the financial crisis and the crisis of the Federal Reserve Bank of New York (FederalReserveBankofNewYork) Chairman .He last week (6 week) that we need to change is extremely frustrating and slow execution speed, because the rules written in the past there have been this situation. .He also said that we need to make new financial rules to be clear as soon as possible. .Geithner said, even so, the bank until early 2013 to reach the new minimum capital requirements. .And after 2013, the number of years, the banks can meet the capital to establish a capital buffer to establish more stringent provisions. .</ P> <P> David according to the U.S. law firm (DavisPolk & WardwellLLP) said Dodd - Frank Bill requires the establishment of 67 research and 243 new requirements. .The bill establishes a 10-member Financial Stability Oversight Committee (FinancialStabilityOversightCouncil), including the upcoming appointment of an insurance experts and regulatory bodies at least three new leadership. .Rules of the bill would prohibit banks Volcker proprietary trading, while limiting its private equity and hedge funds. .The draft rules before the Oversight Committee will need to make a study of financial stability. .</ P> <P> financial crisis has become a regular event occurs. .Following the credit crisis of 2008, 2000 and 2001 the emergence of the technology bubble, and this recent years the Russian government's debt default and the U.S. hedge fund Long Term Capital Management (Long-TermCapitalManagementLP) stir the collapse of the global market. .</ P> <P> the National Economic Council (NEC) director of Summers (LawrenceSummers) that stabilize the financial system like car accident mortality reduction. .</ P> <P> compulsory wearing of seat belts, speed limits established fence in a timely manner, these measures compared with trying to avoid dangerous driving, can effectively reduce the damage caused by the crash. .Similarly, we need such financial regulatory approach, that may be trying to make the world more secure, and thus effectively prevent the harm caused by ignorance and greed, rather than rely on our ability to correct these errors. .Summers said, as the need for careless drivers to wear seat belts, we also need financial institutions to hold more capital, which helps support its better withstand a serious error. .12 </ p>.