Daily Times- German Chancellor Angela Merkel on Thursday reiterated her call for increased transparency among hedge funds and for progress in the stalled Doha round of world trade talks.
“On the one hand, hedge funds increase the efficiency of the financial markets, but there’s not enough transparency,†Merkel said in a speech to German parliament.
Such transparency was ‘urgently necessary’ to boost ‘confidence in the economy,’ Merkel argued. “Debate about transparency for hedge funds is indispensable.â€Â
Germany, the current president of the Group of Eight, is spearheading a campaign to rein in the trillion-dollar hedge fund industry, arguing that tighter regulation was necessary to prevent a meltdown of the entire global financial system should one or more of the funds collapse.
