EU Markets Chief Sounds American At COC Talk

The European Union’s top official overseeing hedge funds has added his voice to the chorus calling for no new regulations.

Charlie McCreevy, the EU’s internal market and services commissioner, told the U.S. Chamber of Commerce in Washington—admittedly, a crowd more open to such declarations than he is likely to find in his own jurisdiction—that Europe doesn’t need any new rules, as central and investment banks are doing a fine job monitoring the situation as is.