Fed's Rosengren wants better U.S. wholesale disclosures from banks

Boston Fed President Eric Rosengren did not comment on U.S. Instead he argued more transparency is needed in the still-risky wholesale markets that were at the center of the 2008 financial crisis. "Much greater disclosure on 'runnable' liabilities would utilize the power of markets to help curb unhealthy levels of reliance on such funding," Rosengren, among the Fed's leading financial regulators, said in prepared remarks to a forum on global banking standards "More detailed reporting requirements should include more disclosures on both the collateral composition and maturity structure of repurchase agreements," he said.

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