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Fed’s Rosengren, Dudley Say Broker Regulations Need Overhaul

Traders Magazine Online News, August 14, 2014

Jeff Kearns and Matthew Boesler

Federal Reserve Bank of Boston President Eric Rosengren said broker regulation needs a “major re-examination” to prevent funding shortfalls during a crisis, and New York Fed President William C. Dudley said the wholesale funding system must have greater stability.

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