By Jonathan Spicer
NEW YORK, Aug 24 (Reuters) – Senator Ted Kaufman on Monday asked U.S. regulators to undertake a comprehensive review of several “questionable” developments in the structure of capital markets, the latest lawmaker to weigh in on so-called dark pools, flashes, and high-frequency trading.
Financial Regulatory Forum
By Jonathan Spicer
UK’s FSA steps into EU hedge fund spat with study
LONDON, Aug 21 (Reuters) – Britain’s Financial Services Authority has commissioned a cost study of a draft European Union law on the regulation of alternative investment managers, a step hedge funds hope will provide more ammunition to dilute the measure. (more…)
from Funds Hub:
It may look like an unlikely scenario on paper, but Europe's elderly masses could be about to provide the killer blow to draft EU rules to regulate the alternative investment industry.
Hedge fund associations, private equity lobbyists, the British government and even the United States Treasury have waded into the debate over the proposed legislation, seeking to soften an approach which has been labelled an exercise in post-financial crisis political grandstanding, rather than a measured look at how to better regulate the sector.
Now though, the pension funds have entered the stage, and their concerns will be far more likely to win over MEPs across the politcal spectrum.
By Joel Dimmock
LONDON, Aug 4 (Reuters) – British pension funds have begun exerting pressure to change proposed European Union rules that would impose new regulations on the hedge fund and alternative investment sector.
WASHINGTON/NEW YORK, Aug 4 (Reuters) – A U.S. Securities and Exchange Commission ban on so-called flash orders is “imminent,” a senior lawmaker said on Tuesday — just before the agency itself said it was drawing up plans to ban the controversial services offered by some stock exchanges. Democratic U.S. Senator Charles Schumer said SEC Chairman Mary Schapiro had personally assured him that the agency planned to ban the practice of “flash trading,” which gives advance knowledge of stock orders to certain traders. (more…)
By David Lawder
WASHINGTON, July 15 (Reuters) – The Obama administration on Wednesday sent Congress legislation that would pry open hedge funds to wider scrutiny, requiring those with more than $30 million under management to register with the government and greatly boost disclosure.
By Huw Jones
LONDON, July 14 (Reuters) – Britain was “gaining traction” in persuading its EU partners to rein in a draft law regulating hedge funds but the industry should also get its customers out on the campaign trail, a government minister said on Tuesday. (more…)
LONDON, July 6 (Reuters) – The adoption of tough European Union restrictions on hedge funds could provoke a transatlantic regulatory war, one of the sector’s leading figures told the Financial Times newspaper in an interview.
STOCKHOLM (Reuters) – A minister for Sweden, which took over the EU presidency on Wednesday, said hedge funds and private equity firms needed regulation but should not be viewed as a primary cause of the global financial crisis.
Speaking after a visit by the European Commission to Stockholm to mark the Nordic country’s start in the six-month presidency, Financial Markets Minister Mats Odell cautioned against “overzealous” regulation. (more…)