JPMorgan CEO Jamie Dimon has warned that the world's largest bank by market capitalization, JPMorganChase, may face a bond crisis due to high levels of risks in the global economy. Dimon made these remarks at a conference hosted by Norway's sovereign wealth fund, Norges Bank Investment Management. He warned that while not predicting an imminent collapse, he was suggesting a trajectory where the level of risks are high, such as geopolitics, oil, government deficits, may not be resolved. He also highlighted the potential disruption of U.S. Treasuries or other major sovereign bond markets. Additionally, Dimon warned of the potential risk of a credit recession, stating that a long period without a credit downturn has led to lower underwriting standards and could lead to higher losses. He does not see private credit models calibrated during good times as a systemic risk, but sees a broader credit downturn capable of producing losses across all lending categories.