"There are modest signs of recovery and healing out there," JPMorgan Chase CEO

As it becomes popular to listen to the opinions of high executives, policymakers and other business representatives on the prospects for economy revival the CEO of JPMorgan Chase & Co Jamie Dimon also expressed it view saying that there are "modest signs" of an economic recovery in the near future. He also proposed the creation of a U.S. systemic risk regulator.

Appearing at a U.S. Chamber of Commerce economic conference Dimon also noted that mark-to-market accounting may have been applied "to a ridiculous point." As it is known the mark-to-market accounting rule requires assets to be valued at market prices and is defended by investor advocates and some lawmakers as giving a clear picture of the assets held on banks' books. Thus, the banking players that were forced to write down billions of dollars' worth of hard-to-value assets in illiquid markets are calling for a suspension or modification of the rule.

Dimon supported the idea proposed by Barney Frank, chairman of the House of Representatives Financial Services Committee, to establish a U.S. systemic risk regulator.

"There are modest signs of recovery and healing out there," Dimon said, adding that the market just saw the two most active bond months ever.