Monday, 25 May 2015
Last updated 2 days ago
Jan 28 2008 | 7:49am ET
German Chancellor Angela Merkel has renewed her call for improvements in hedge fund transparency, saying she will again raise the issue at a meeting of European leaders this week.
In her weekly podcast, Merkel admitted her earlier efforts to obtain some form of hedge fund oversight or regulation have not come to much. But she argued that recent market trouble has proven that something must be done.
“The lesson from the turbulence must be more transparency in financial instruments,” Merkel said.
She warned that if hedge funds did not self-regulate—such as the voluntary code of conduct proposed by British hedge funds last week—new rules would have to be promulgated.
European leaders, including Merkel, French President Nicolas Sarkozy, Italian Prime Minister Romano Prodi and European Commission President Jose Manuel Barroso, will be hosted by British Prime Minister Gordon Brown in London tomorrow.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…