(Bloomberg) -- Federal Reserve Bank of Boston President Eric Rosengren said brokerage regulation needs a “major re-examination”to 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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