Monday, 25 May 2015
Last updated 2 days ago
Mar 5 2010 | 3:20pm ET
Once again, hedge funds have found themselves squarely in the sights of European regulators. The European Commission is held a pair of meetings today to determine whether new rules are required to govern the credit-default swaps market, and were particularly interested in what hedge funds were doing with CDS.
In a questionnaire sent to banks participating in this afternoon’s “technical meeting,” the EC asked what strategies hedge funds pursue in the sovereign CDS markets, The Wall Street Journal reports. The meetings come amidst a new round of European criticism of hedge funds, which have been active betting against both Greek debt and the euro in recent weeks.
The EC is also seeking information on how much information market players share with regulators and whether risk is concentrated in the hands of a small number of banks. The commission is also seeking more basic information in the fact-finding mission, including the structure of the market and how it works.
In addition to banks, the EC is also met with investors and regulators.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…