"Rolling back regulation at this point with this much liquidity
in the system strikes me as a very bad idea," Blackrock Vice
Chairman Philipp Hildebrand told a conference on Wednesday. "We
learned that lesson in 2004."
He added, however, that there was room for a re-calibration of
some aspects of the existing regulation.
U.S. President Donald Trump last week promised in a meeting with
bankers to strip away some of the existing financial regulation.
Jacob Frenkel, Chairman of JP Morgan Chase International, told
the same conference that deregulation should be handled
carefully.
"It would be great mistake to throw out the baby with the water
tub," he said.
(Reporting by Arno Schuetze; Editing by Maria Sheahan)
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