Posts Tagged ‘Timothy Geithner
E.U. Moves Ahead with AIFM Directive Legislation
On Tuesday, E.U. finance ministers approved plans to reign in hedge funds with tough new oversight rules, overriding the objections of the UK (and, more specifically, the City of London), where some 80 percent of European hedge funds are estimated to be based. The proposed legislation aims to subject so-called “alternative investment funds” to greater [...]
Lawmakers Say UK Won’t Delay AIFM Rules Long
According to a Bloomberg report, the temporary reprieve granted to the UK by European Union finance ministers decision last week to postpone talk of the final wording of the Alternative Investment Fund Managers Directive, which would force funds based outside the E.U. to comply with restrictions on bonuses and leverage if they want to market [...]
E.U. Hedge Fund Reform Stalled For Now
Tuesday’s meeting of the European finance chiefs in Brussels resulted in an unsurprising stalemate over proposed Alternative Investment Fund Manager legislation to place restrictions on hedge fund activity in the E.U., an E.U. official said. The AIFM legislation was set to be vote upon by the Economic and Financial Affairs Council (Ecofin), but the item [...]
E.U. Moves Ahead with Restrictive Hedge Fund Legislation Despite Opposition
Facing criticism from London and the U.S., the E.U. continues to move ahead with proposed legislation designed to restrict hedge fund speculation in Europe. The proposed law is meant to do three things: protect investors, reduce risks to the financial system and increase the transparency of hedge fund operations. U.S. Treasury Secretary Timothy Geithner has [...]
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