ECB says EU hedge fund plans could spark exodus

Reuters – The European Central Bank has warned that EU plans to tighten regulation of hedge funds and other alternative investors risk creating a two-tier playing field that could drive the industry out of Europe.

European governments and the European Parliament have the final say on a new law that will require a wide range of alternative investment fund managers to register and disclose information to supervisors if they want to operate in the 27-nation bloc.

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