By Chris Hughes
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.
It's beyond ironic -- closer to moronic, really -- that Jamie Dimon would give an interview to London's very own Financial Times, complaining that international bank-regulation standards are “anti-American,” on the very day that the Vickers Report -- Robert Peston calls it "the most radical reform of British banks in a generation, and possibly ever" -- is released.
In the Republican presidential debate last night, there was unanimity on most issues, including the new orthodoxy on the right that bank regulation -- like any other regulation, for that matter -- is a Bad Thing, and a sign of the government overreaching. It's important to remember that this is not the way that right-wing parties behave elsewhere in the world. Consider for instance the UK, which seems to be cracking down on banks in a manner which would make even Barney Frank blush: