(Bloomberg) -- Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a major re-examinationto prevent funding shortfalls during a crisis and that brokers should have higher capital requirements.
Broker-dealers can experience significant funding problems during times of financial stress, Rosengren said in remarks prepared for delivery to a Fed conference on wholesale funding risk in New York. Unfortunately that potential for problems has not been fully addressed since the crisis.
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