Boston Fed’s Rosengren on forward-looking regulation
A systemic regulator should focused on forward-looking estimates of potential losses that could cause contagious failures of financial institutions, said Eric Rosengren, the president of the Boston Federal Reserve.
Rosengren said that a systemic regulator should not only be able to monitor systemically important institutions, but also be able to change behaviour if firms are financing a boom by increasing leverage and liquidity risk. He said that a systemic regulator needed to prevent the build
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