Thiam Signals Liquidity Concerns, Echoing Dimon’s Bond Warning
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Tidjane Thiam, who will take over as chief executive officer of Credit Suisse Group AG next month, said investors should expect sharp moves in some markets as a result of tougher regulation, echoing comments by JPMorgan Chase & Co. CEO Jamie Dimon.
“Regulation has structurally reduced liquidity in many key markets,” Thiam said in an interview on Bloomberg Television on Wednesday. “You can expect liquidity incidents. I think Jamie Dimon was right to underline that in his letter. That’s a structural issue in the new world we live in.”