EU Securities Regulator Calls For 'Balance' In Hedge Fund Rules

May 26 2011 | 10:28am ET

The head of the new pan-European Union securities regulator today offered a glimpse of how his agency will implement new bloc-wide hedge fund rules.

Steven Maijoor indicated that greater transparency and risk disclosure were foremost on his mind when it comes to hedge funds. The European Securities and Markets Authority, of which Maijoor is chairman, plans to begin a public consultation in July on the shape of the new regulations.

"It will be important to achieve a balance between increasing investor protection while avoiding imposing undue costs on fund managers," Maijoor told the International Capital Market Association's annual conference. "At the same time, regulators will need to be provided with sufficient information on the activities of alternative investment fund managers."

Maijoor also offered his take on new EU rules banning naked short-selling of sovereign debt—he's worried about member states' power to temporarily lift the bar to boost liquidity—and the next areas to face greater EU scrutiny, exchange-traded funds and derivatives.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note