Spain backs tighter hedge fund rules -Guardian

September 11, 2009

G20/    LONDON, Sept 11 (Reuters) – Spain’s Economy Minister, Elena Salgado, has backed European Union plans for tougher regulations on hedge funds in an interview with the Guardian on Friday.
   Spain, which will take the presidency of the European Union in January, is preparing to support France and Germany in proposals to regulate the industry, the Guardian reported.
   “They need to be regulated, and our regulation (in Spain) on alternative investment funds is strict and has been for a long time. Not only hedge funds, but other funds as well, like property funds,” Salgado said to the Guardian.
   “The directive introduces some bigger obligations, in transparency and the protection of consumers that we think are adequate,” Salgado added.
   Salgado joins German and French leaders Angela Merkel and Nicolas Sarkozy in criticism of so-called Anglo-Saxon capitalism, calling for a more socially sensitive approach.
   “We have to think about the social costs of our decisions,” the Guardian quoted Salgado as saying.
   In July, U.K. Treasury minister Paul Myners laid out plans to lobby against the EU directive, saying the draft laws required “major surgery”.
   Critics fear the proposed measures will undermine the competitiveness of EU member states like Britain, which is home to 80 percent of Europe’s 400 billion dollar hedge fund industry. [ID:nL799743] (Reporting by William James; Editing by Valerie Lee) ((; +44 20 7542 8830))
Friday, 11 September 2009 03:44:58RTRS [nLB239650 ] {C}ENDS


We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see

You should check this out……

[…] Wonderful story, reckoned we could combine a few unrelated data, nevertheless really worth taking a look, whoa did one learn about Mid East has got more problerms as well […]………

Posted by stockholm hotel | Report as abusive

WOW! check this out!……

Amazing Post, worth a read……

Posted by Lisbon Hotels | Report as abusive

Really appreciate you sharing this blog article.Thanks Again. Keep writing.

Posted by fishing accesories | Report as abusive

Muchos Gracias for your post.Thanks Again. Really Great.

Posted by Rene Perras Lawyer Marketing Expert | Report as abusive

Awesome blog.Really thank you! Will read on…

Posted by life ionizers | Report as abusive

I appreciate you sharing this article post.Really looking forward to read more. Really Cool.

Posted by Our Muay Thai website | Report as abusive

Thanks for the article post.Much thanks again. Will read on…

Posted by Scuba Tank Covers | Report as abusive

Looking forward to reading more. Great article. Awesome.

Posted by Learn to fly helicopters in Florida! | Report as abusive

Great article.Much thanks again. Will read on…

Posted by buy website domain cheap | Report as abusive

Really informative article post.Much thanks again.

Posted by Hotel Patong | Report as abusive

Really informative article post.Much thanks again. Keep writing.

Posted by water ionizers | Report as abusive

Really informative blog.Thanks Again. Awesome.

Posted by webcam gratuit | Report as abusive

I think this is a real great article post.Thanks Again. Much obliged.

Posted by toyota rav 4 | Report as abusive

Im thankful for the post.Really thank you! Awesome.

Posted by divorce application | Report as abusive

Thank you ever so for you blog article.Really looking forward to read more. Fantastic.

Posted by Social media today | Report as abusive