Financial Regulatory Forum

Private equity: bank regulators tighten the collar on leveraged loans

By Guest Contributor
May 11, 2012
By Alex Lee

NEW YORK, May 11 (Business Law Currents) – With the leveraged finance market coming back to life, bank regulators want financial institutions to seriously tighten oversight and maintenance of their leveraged portfolios. Leveraged loans are heavily utilized by private equity shops for their transactional activities but there is an ever-increasing concern that while loan volume has gone up, underwriting practices have deteriorated to unacceptable standards.

U.S. SEC set to monitor private equity funds, official says

By Guest Contributor
May 8, 2012

By Stuart Gittleman

NEW YORK, May 8 (Thomson Reuters Accelus) - Many of the world’s top private equity funds will soon be examined by the U.S. Securities and Exchange Commission, Carlo di Florio, director of OCIE, the SEC’s Office of Compliance Inspections and Examinations, said.

Foreign private equity braces for rough ride to China -ANALYSIS

By Guest Contributor
May 20, 2011

Helen H. Chan

HONG KONG, May 20 (Business Law Currents) Foreign-invested private equity firms are rallying in Shanghai, eagerly awaiting the results of a second round of applications for the Qualified Foreign Limited Partners (QFLP) scheme. In recent weeks, large international buyout firms such as Blackstone and the Carlyle Group have rejoiced over being some of the first to be awarded a QFLP license.

COLUMN-Carried interest and the big lie: James Saft

By Reuters Staff
June 1, 2010

(James Saft is a Reuters columnist. The opinions expressed are his own)

By James Saft

Greensboro, Alabama, May 31 (Reuters) – As an investment strategy, making private equity and hedge fund managers rich is a probable loser. As a tax policy, it is a guaranteed one.

FACTBOX-How European rules will curb hedge funds

By Reuters Staff
May 19, 2010

May 19 (Reuters) – The European Union’s 27 countries and the bloc’s parliament agreed to tighten controls of hedge funds and private equity this week.

Australia tax body may harden stand on private equity

April 21, 2010

   By Victoria Thieberger
   MELBOURNE, April 21 (Reuters) – The Australian tax office has delayed two critical rulings on how private equity firms are taxed, in a move that tax experts say means the office is hardening its stance against private equity. (more…)

US watchdogs may still get ‘Volcker rule’-consultant

April 13, 2010

    FRANKFURT, April 12 (Reuters) – U.S. banking supervisors could get indirect powers to ban proprietary trading by banks even if the “Volcker rule” is not in the financial reform bill, a banking consultant with close contact to decision-makers said. (more…)

FACTBOX – How does the EU plan to shake up financial services?

By Reuters Staff
April 7, 2010

BRUSSELS, April 7 (Reuters) – The European Union (EU) is embarking on an overhaul of financial services that politicians hope will send bankers back to their roots of no-frills lending to households and business.

Spain tightens proposed hedge fund rules

By Reuters Staff
February 16, 2010

SPAIN    By Huw Jones
   LONDON, Feb 16 (Reuters) – European Union president Spain tightened proposed rules to regulate hedge funds and private equity groups, prompting accusations of protectionism from within the industry but potentially speeding up moves towards a deal. (more…)

ANALYSIS-Private equity firms brace for tax battle

February 8, 2010

   By Megan Davies and Kim Dixon
   NEW YORK/WASHINGTON, Feb 7 (Reuters) – Private equity firms are again being threatened with higher taxes, as a long-running debate over how to classify their profits again becomes a focus for governments desperate for cash. (more…)