FSA Chief Rejects Calls For More Hedge Fund Regulation

Oct 24 2008 | 10:03am ET

The head of the British Financial Services Authority had some surprisingly kind words for the hedge fund this week, arguing that there is no need for further regulation of the industry.

Hector Sants told the Hedge 2008 conference in London that hedge funds were holding up better than many other parts of the financial services industry, although he expects more hedge fund failures in the months to come. But despite calls on both sides of the Atlantic for tighter control over the industry, Sants says increased regulation is not needed.”

“There is pressure for more regulation in a rather general way,” he said. “I don’t particularly think more regulation is needed, but I do think more effective regulation is needed.”


In Depth

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...

Lifestyle

Einhorns Busts At WSOP, Finishes In 173rd

Jul 15 2014 | 10:48am ET

Greenlight Capital founder David Einhorn’s World Series of Poker won’t end at...

Guest Contributor

Common Risk Parity Misperceptions

Jul 16 2014 | 11:02am ET

Over the past few years, risk parity has become a component of most investors’...

 

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