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	<title>Hedge Fund News From HedgeCo.Net &#187; sweeping changes</title>
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		<title>UK financial services regulator proposes shakeup</title>
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		<description><![CDATA[LONDON (AP) &#8211; Britain&#8217;s financial services watchdog proposed sweeping changes to global banking regulations on Wednesday, including a crackdown on the &#34;shadow banking&#34; activities of institutions like hedge funds. The government-commissioned banking services report recommends new rules on a wide range of issues from increased requirements on banks on holding capital to stricter controls on [...]]]></description>
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		<title>Madoff scam may spark tightening of hedge rules</title>
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		<pubDate>Mon, 29 Dec 2008 00:00:00 +0000</pubDate>
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		<category><![CDATA[sweeping changes]]></category>
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		<description><![CDATA[Evening Standard &#8211; Veterans of the secretive $1.5 trillion (&#163;1 trillion) industry say the $50 billion Madoff fraud could bring about sweeping changes in the way the authorities monitor activity. &#34;This is an Enron moment for hedge funds,&#34; said Peter Rup, chief investment officer at New York hedge fund Orion Capital Management. &#34;Regulation would be [...]]]></description>
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