FSA warns on cost of new EU hedge fund rules
posted by weed-online.org | Fri, 16/10/2009 - 14:49European institutional investors face billions in lost annual returns if new EU rules for hedge funds and private equity firms are approved, according to a study commissioned by the Financial Services Authority, the UK’s market regulator.The findings are the first formal – and independent – impact assessment of the directive from an EU member state authority.
Brussels set to issue proposal on derivatives
posted by weed-online.org | Fri, 16/10/2009 - 14:46Proposals to improve supervision of the derivatives industry and deal with bank crises are due to be outlined by European Union officials next week.But the current European Commission – whose mandate formally expires at the end of October – will not come forward with legislative proposals introducing either so-called “leverage ratios” or dynamic provisioning for European banks at this stage.