Thursday, 25 December 2014
Last updated 1 day ago
Jul 21 2010 | 12:00pm ET
The head of the Securities and Exchange Commission said she is unsure if any hedge funds present “systemic risks” to the global economy.
Speaking to a House Financial Services subcommittee yesterday, Chairman Mary Schapiro said “it’s really not clear” what risk, if any, the hedge fund industry presents. But, she added “it will be very important to decide where the lines are drawn.”
It will also be important, Schapiro said, for the SEC to beef up its staff to allow the regulator to actually examine all of the hedge funds that are about to come under its purview. The financial regulation overhaul bill—due to be signed by President Obama today—requires hedge funds and private equity funds with $150 million or more in assets to register with the SEC.
That bill will also create the Financial Stability Oversight Council, a new body including officials from the SEC, Federal Reserve and Treasury Dept. that has authority over firms deemed systemically relevant.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.