Tuesday, May 18, 2010

About time

EU clampdown on hedge funds trumps UK

A controversial clampdown on hedge funds and private equity groups was backed by European Union finance ministers today, with the majority of Britain’s objections effectively overruled. The draft rules would control pay and borrowing at hedge funds as well as forcing them to disclose extensive information to regulators about their investments. Wolfgang Schäuble, the German Finance Minister, said: “We are determined to accelerate the pace of regulation. Up until now this [the hedge fund industry] was not regulated. This hole will now be closed.”

Posted by devo @ 08:53 PM (1131 views)
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3 thoughts on “About time

  • hedge funds will be squeeezed until the pips squeak

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  • Devo don’t you mean “úntil the spivs squeak” ?

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  • About time too. Weapons of mass destruction in powerful and greedy hands.

    I woudn’t mind so much if there was hard cash behind these winners are ours, losers are yours bets and takedowns.’

    Before someone does, don’t tell me hedge funds are harmless or black boxes come to that.

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