Thursday, 24 July 2014
Last updated 6 hours ago
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.
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…