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Germany calls for tougher EU hedge fund plan

Reuters – European Union proposals for the regulation of hedge funds should go further in forcing them to use more of their own capital and reflect risks on their books, German Finance Minister Peer Steinbrueck told a newspaper.

"The EU proposal contains good ideas, but it doesn’t go far enough," Steinbrueck told the taz newspaper in an interview. "I want to force the funds to use more of their own money when doing business and to keep risks on their books."

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