On May 8, Mr. Cohen appeared on Bloomberg's “Money Moves” to discuss the U.S. financial industry and capital requirements. When asked whether splitting the Chairman and CEO roles at JP Morgan Chase & Co. is generally a good idea, Mr. Cohen answered that the same sets of rules don't work for every institution. “… For some institutions, splitting makes sense. For some institutions, where the CEO has had a superb record, where the institution has performed at the top, stripping him of a role could make very little sense and could in fact be counterproductive.” Regarding Federal Reserve Governor Tarullo's suggestions for increased liquidity, Mr. Cohen said, “When Governor Tarullo speaks, bankers better listen, because he is the Fed's real spokesperson on regulatory change. And a number of his speeches over the years have indicated where the Fed is going.” Mr. Cohen went on to discuss other aspects of regulation, including the Brown-Vitter Bill proposing to rein in on too-big-to-fail banks, the paucity of bank M&A activity and the outlook for European banks, among other topics.