Crisis Quote by Jamie Dimon
“I haven't studied it deeply, but the American banks started the crisis with far more capital and what I would call "good liquidity." The riskiest funding is unsecured wholesale funding. It's the most fickle. Not repo, which the government focused on, too. Unsecured. JPMorgan Chase had almost none of that - virtually zero.”
About This Quote
Source Interview: CNBC, 2023
Unsecured wholesale funding is the most volatile source of bank liquidity risk.
In simple terms: Unsecured funding is fickle.
Key Takeaway
Limit reliance on unsecured funding.
Themes
banking
liquidity
risk
unsecured funding
Mood
analytical
cautious
Type
financial
technical
When to use this quote
- corporate treasury
- investment banking
- crisis management
Key Concepts
Financial stability
regulatory oversight
Questions to Reflect On
- How can banks diversify liquidity sources?
- What safeguards reduce unsecured funding risk?
A Different Perspective
Regulators may focus on the wrong risk.
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