12/8/2008

Federal Reserve Bank of Boston President Eric Rosengren said he believed overhauling the financial-regulation system should focus on ensuring economic stability and the stability of Wall Street firms and banks. "There is a clear link between the financial regulation of institutions and the stability of markets and the macroeconomy," Rosengren said in Geneva, Switzerland, today. "Inadequate oversight can cause periods of financial turmoil that are quite destructive."

Full Story:
Bloomberg

Related Summaries