Hedge-fund managers planned to meet finance officials from the world’s seven leading economies at the weekend, spurred by a German campaign for tighter regulation of the industry’s risks.
The growing role of loosely regulated hedge funds in financial markets has pushed the talks onto the agenda of the Group of Seven. Tim Adams, the deputy US Treasury secretary for international relations, said Sunday’s meeting would be a chance for the two sides to “share notes.”
With G7 finance ministers and central bankers in Washington for talks Friday and to take part Saturday in the International Monetary Fund’s (IMF’s) spring meetings, topics were also expected to include global imbalances, IMF reform, poor-country debt and fighting terrorism financing, Adams told reporters.
No breakthrough was expected in complex negotiations to adjust the voting shares of the fund’s 185 member countries to reflect shifting economic power in the world.
