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July 20, 2005
No regulations for Hedge Funds in the near future for EU
Hedge funds due to their ability to generate quick and high returns have caught the attention of investors the world over. The quantum of assets under management of hedge funds has grown exponentially in the last few years. As such, worries about a financial market catastrophe in the future are inevitable. Several politicians have been lobbying for regulating the industry in order to bring in transparency and a general code of conduct. German Chancellor Gerhard Schröder particularly is seeking international consensus on regulating the booming hedge fund industry. However Charlie McCreevy, EU internal market commissioner, said that he had no plans of imposing regulations on the industry. However he said that he does plan to improve the overall European investment fund market, which has over 5 trillion euros under investment. Even Washington has opposed the move for setting ‘minimum international standards’ for the industry. Dw-world.de reports:
“EU internal market commissioner Charlie McCreevy said Thursday he had no plans for regulating the booming hedge fund industry amid pressure from Germany for tighter rules. "I do not intend regulating in the hedge fund area in the immediate future, if at all,"
Read More: EU Plans No New Hedge Fund Regulations |.
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