ECB Board Member Warns On Hedge Fund Information

Oct 25 2010 | 2:02am ET

Despite the recent deal on European Union hedge fund regulation and a growing consensus among G-20 countries about transparency in the alternative investments space, Europe's central banks may still go wanting when it comes to information about hedge funds.

Jürgen Stark, a member of the European Central Bank's board, warned that Europe's regulators may have to make do with less information than they need.

"International initiatives, for example under the auspices of the G-20, are very welcome but are likely to find solutions only in the long term," he said at a conference last week. "We… have to accept that we will not be in a position to measure everything we would like to measure."

In particular, Stark cited securitizations  as being problematic.

A major part of the EU's new alternative investments directive, expected to be passed by the European Parliament next month, are strict new reporting and custody requirements for hedge funds.


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