Executives participating in ASR sister publication American Banker's regulatory symposium Monday urged regulators to consider the industry costs of implementing the Basel III capital rules, including a capital surcharge on systemically important institutions.

Sitting on a panel discussing the Basel accords, James Beit, managing director at JPMorgan Chase, reiterated concerns about the capital rules raised by his company's CEO Jamie Dimon. In a recent op-ed in the Financial Times, Dimon called the extra surcharge on globally significant financial institutions "anti-American."

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