EU To Poll Firms On Hedge Fund Regulation

Dec 2 2008 | 1:15pm ET

In a likely first step towards Europe-wide hedge fund regulation, the European Commission will begin consulting with financial firms and others on the continent, its top regulator said yesterday.

Charlie McCreevy, the European Union’s internal markets commissioner, said that the discussions would cover the risks hedge funds pose to the global financial system and how to deal with hedge funds based in offshore locations, among other items.

“Who should oversee hedge funds? Securities regulators? Central banks? Both?” McCreevy, who had previously opposed new hedge fund regulations, said in a speech to the European Parliament. “How can we ensure that too much transparency does not kill hedge funds and that we do not throw the baby out with the bathwater?”

Any new regulations would have to be approved by the governments of the 25-member EU as well as the European Parliament.

While McCreevy has changed his position on new hedge fund rules, he told legislators that he continues to oppose new regulations for private equity firms, as well as a permanent ban on short-selling.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.