Tag Archives: 163

Speech by the President of the European Parliament at the meeting of the European Council

eGov monitor – The international financial crisis has left the world as a whole facing exceptional challenges. The breakthrough in the efforts to bring about closer international cooperation and a reform of international financial institutions achieved at the G-20 meeting […]

EU Hedge Funds May Face Greater Regulation

New York (HedgeCo.Net) – Those who push for greater transparency of the hedge fund industry had a victory this week, when an EU official all but declared that funds in the European Union will be regulated.    Charlie McCreevy, the bloc’s […]

Hedge funds in EU will be regulated

Reuters – Hedge funds in the European Union will be regulated following a public consultation that is currently underway, a senior EU official said on Wednesday. "On hedge funds, we have used as our basis that they must be regulated," […]

EU moves toward new hedge fund rules

Washington Post – The European Union will this week take the first step toward new rules governing high-risk hedge funds, the EU’s financial services chief said Monday. EU Commissioner Charlie McCreevy, long opposed to regulating the funds, is bowing to […]

Hedge funds fear bankruptcy after Porsche squeeze

Times Online – Hedge funds were heading for a full-blown row with the German Government last night as it emerged that funds sitting on tens of billions of euro losses after short-selling Volkswagen could go bankrupt. Porsche, VW’s biggest shareholder, […]

Sarkozy urges clampdown on hedge funds, offshores

Reuters – President Nicolas Sarkozy called at a European Union summit on Wednesday for a clamp-down on hedge funds and offshore centres as part of efforts to better regulate the world financial system. "I would propose a simple principle, that […]

EDF Battles Hedge Funds, Power Traders to Keep Nuclear Secrets

Bloomberg- Christian Kunze pays French farmers to install camouflaged, shoebox-sized “power stalkers” in fields near nuclear stations owned by Electricite de France SA, collecting data the world’s biggest utility says is a secret. His company, Powermonitor, plans to sell information about […]

McCreevy defends hedge funds

Independant- European Union Financial Services Commissioner Charlie McCreevy has defended hedge funds in relation to the fallout from the US subprime mortgage market collapse. The move comes in tandem with a report commissioned by French President Nicolas Sarkozy which states […]