Ireland to give green light for hedge funds to lend

Reuters – Ireland, one of the biggest hubs for funds in Europe, will allow hedge funds based in the country to lend to companies under new rules drawn up by the central bank, the bank said.

With banks in Europe still reducing their lending to households and corporations in the wake of the financial crisis, firms who are too small to issue bonds are increasingly seeking to borrow from other sources such as insurers, private equity firms and hedge funds.

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