Financial Regulatory Forum

City of London, U.S. lobbies are fighting market regulation – Germany

German Finance Minister Peer Steinbrueck arrives to the weekly cabinet meeting in Berlin, August 5, 2009.   REUTERS/Fabrizio Bensch (GERMANY POLITICS) BERLIN, Sept 23 (Reuters) – The City of London is doing its best to block the introduction of stricter financial market regulations, but tougher rules will come, German Finance Minister Peer Steinbrueck said a day before a Group of 20 summit.

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EU hedge fund law to raise compliance costs-survey

open-europe-ogo LONDON, Sept 21 (Reuters) – A controversial EU draft law on hedge funds and private equity could initially cost the two sectors between 1.3 billion euros ($1.9 billion) and 1.9 billion euros, while investor returns could also suffer, a survey says.
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U.S. SEC predicts more detailed reporting by hedge funds

Mary Schapiro, chairman of the Securities and Exchange Commission appears before the House Financial services committee in Washington July 22, 2009. By Karey Wutkowski

WASHINGTON, Sept 18 (Reuters) – U.S. hedge funds will likely have to provide “pretty detailed reporting” to regulators in the future and some public disclosure of their activities, the chairman of the U.S. Securities and Exchange Commission said on Friday. Mary Schapiro said her agency is already exploring what the requirements might look like — and how to balance competitiveness concerns — as Congress debates whether to give the SEC more power. (more…)

Hedge fund investors worried EU plans limit choice

uss   By Laurence Fletcher
   LONDON, Sept 17 (Reuters) – Institutional investors said on Thursday that draft European Union rules that could bar non-EU fund managers from marketing their products in the region could limit their investment choices and upset their portfolio balance. (more…)

HIGHLIGHTS-UK conference on EU hedge fund rules

A video grab image shows Britain's City minister Paul Myners speaking at a Treasury Committee in London March 17, 2009.     REUTERS/Parbul TV Via Reuters TV  (BRITAIN BUSINESS POLITICS)    LONDON, Sept 17 (Reuters) – Britain’s Financial Services Authority is holding a one-day conference on asset management to discuss a draft European Union law to regulate managers of hedge funds, private equity and other alternative investments. (more…)

US, UK regulators to seek similar hedge fund data

U.S. Securities and Exchange Commission Chairman Mary Schapiro testifies before the Senate Banking Committee on Capitol Hill in Washington, June 22, 2009. REUTERS/Jim Young WASHINGTON, Sept 16 (Reuters) – Securities regulators from the United States and Britain plan to identify a common set of data to collect from hedge funds, the U.S. Securities and Exchange Commission said on Wednesday.

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Global watchdogs set hedge-fund investor protection standards

LONDON, Sept 14 (Reuters) – Global market regulators published new rules on Monday spelling out how small investors putting money into funds of hedge funds should be protected.

The International Organisation of Securities Commissions (IOSCO) published its final set of standards on best practice for funds of hedge funds investing. (more…)

Spain backs tighter hedge fund rules -Guardian

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. (more…)

Volcker says banks should not own hedge, equity funds-report

BRITAIN-BROWN/TRADE      MILAN, Sept 10 (Reuters) – Banks should not be allowed to own hedge funds or equity funds and their trading activity should be limited, former Federal Reserve Chairman Paul Volcker said in an interview with Il Sole 24 Ore on Thursday. (more…)

New U.S. commodity futures reporting may raise transparency, questions

By Alden Bentley
NEW YORK, Aug 25 (Reuters) – More transparency or too much information?

Energy traders, analysts and mom-and-pop farmers may find themselves swimming in detail on the big bets and hedges in the commodity markets, when the U.S. futures market regulator overhauls its widely-watched report on trader positions.

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