Hedge Fund Regulation
Below is an excerpt about how the FSA is standing up for hedge funds in Europe, as Fintag stated, "hedge funds did not cause this crisis, banks did and now they are stronger than ever before."
CITY regulator the Financial Services Authority (FSA) yesterday gave its support to hedge funds and called on the European Union (EU) to rethink its plans for a crackdown on the industry.
Managing director of the FSA’s risk division, Sally Dewar, said the EU must address weaknesses in the current rules in a “proportionate” way in its draft directive on alternative investment funds.
The directive is threatening new reporting rules that will damage the performance of the UK hedge fund industry – the biggest in Europe – as well as capital requirements and leverage limits. source
Related to Hedge Fund Regulation - FSA & Europe
Tags: FSA London, FSA regulating hedge funds, FSA Hedge Fund Registration, European Hedge Fund Regulations, Hedge Funds being regulated more in Europe, Hedge Fund, Europe, FSA
