U.S. regulators should consider streamlining rules now being adopted that force big banks to hold more capital, a top Federal Reserve official said on Monday. Eric Rosengren, president of the Boston Federal Reserve Bank, in remarks prepared for delivery at a conference in Abu Dhabi, suggested the Fed and other Wall Street regulators focus on the narrower definition of capital under the global Basel III framework. He did not comment on monetary policy or the U.S. economy. The Fed in July adopted the global Basel III rules, pledging to draft tough capital requirements for the largest banks. The accord, named after the Swiss city that is home to its overseer, the Bank for International Settlements (BIS), was drawn up to make banks more stable in the wake of the worst financial crisis since the Great Depression. "It would be beneficial to look for ways to streamline discussions in order to focus investors and the public on those factors most relevant to the financial solvency of the
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