WASHINGTON — The improvements in the capital ratios of large U.S. banks since the 2008 financial crisis "are quite striking," and has placed them in a better position to finance the recovery going forward, Boston Federal Reserve Bank President Eric Rosengren said Monday.

In remarks prepared for delivery at a Bank for International Settlements Forum on the Basel III capital standards in Seoul, Korea, Rosengren argued that the measures passed to guard against a future meltdown — such as the 2010 Dodd-Frank Act — have "significantly increased the quantity and quality of capital expected to be held by banks."

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