European Powers Plan Hedge Fund Self-Regulation

Dec 18 2007 | 1:04pm ET

Once considered all but dead, Angela Merkel’s effort to impose some sort of regulation on hedge funds may finally bear fruit.

The German Chancellor reportedly said that, in concert with Britain and France, Germany would issue new proposals on hedge fund self-regulation by the spring. Previously, opposition from the U.K., alongside that of the U.S., had helped to sink her push for international hedge fund regulation and monitoring.

“We have come a long way in our thinking over the last year,” she told the German magazine Capital. “We are working on a self-regulatory declaration for the hedge fund sector. Together with British Prime Minister Gordon Brown and French President Nicolas Sarkozy, I will finalize the new proposals at the EU level by the spring.”

Brown is set to host Merkel and Sarkozy for a discussion on financial market stability in January.


In Depth

Q&A: Filippo Pignatti Morano On The Ultimate Alternative Investment...Classic Cars

Jan 29 2015 | 12:37pm ET

In 2011, Filippo Pignatti Morano launched a fund to invest in classic cars. FINalternatives...

Lifestyle

Looking For A Hedge Fund Manager? Try Davos

Jan 28 2015 | 8:48am ET

Davos, Switzerland seems to have become the hedge fund capital of the world—at...

Guest Contributor

From Switzerland With Love: Some Hard Truths About Central Banks And Risk

Jan 23 2015 | 7:54am ET

In the wake of the Swiss National Bank uncoupling the country’s currency from...

 

Editor's Note