Geithner: Bank rules will be heavily influenced by JPMorgan

Geithner said the Federal Reserve, Securities and Exchange Commission and the Obama administration are "going to take a very careful look" at the JPMorgan incident as they implement new regulations like the so-called "Volker Rule," which bans banks from making bets with customers' money.

"The Fed and the SEC and the other regulators — and we'll be part of this process — are going to take a very careful look at this incident of course, and make sure that we review the implications of what that means for the design of these remaining rules," Geithner said at a Washington event hosted by the Peter G. Peterson Foundation.

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Under review will be "not just the Volker Rule, which is important in this context, but the broader set of safeguards and reforms," he said.

Geithner said regulators will also examine capital requirements, limits on leverage and reforms in the derivatives markets.

"I'm very confident that we're going to be able to make sure those come out as tough and effective as they need to be," Geithner said. "And I think this episode helps make the case, frankly."