Wednesday, 5 August 2015
Last updated 12 hours ago
Sep 17 2010 | 1:17am ET
The fate of foreign hedge funds is not the only issue to be resolved before the European Union’s controversial alternative investments regulations become law. EU countries and the European Parliament are also trying to hammer out a compromise on rules that would restrict private equity funds from “asset stripping.”
Didier Reynders, the Belgian finance minister, said the EU was seeking a “proportionate” way to improve transparency on private equity strategies. Reynards said he was “confident of reaching agreement on that.”
A stickier issue is “to see how it’s possible to have some anti-stripping rules because we have seen so many institutions in different countries with social consequences of some stripping of companies,” Reynders said at a U.K. Financial Services Authority conference in London.
Belgium currently holds the rotating presidency of the EU.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…