Boston Fed's Rosengren: clarity on Basel III capital buffers paramount

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Eric Rosengren, the president of the Boston Federal Reserve, on Tuesday said a reappraisal of the quantity and quality of capital required under Basel III was necessary to avoid future capital shortages.

At the Financial Stability Institute in St. Petersburg, Russia, Rosengren said: "During a financial crisis investors focus on how much core or pure capital exists in an organisation to absorb immediate and near-term losses. Some of the broader definitions of capital include elements that are not

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