Hedge Fund Regulatory Action Inevitable: Mccreevy

Summary


BRUSSELS, Belgium (Reuters) - Hedge funds and private equity groups that operate in the European Union face closer oversight but regulatory action should distinguish between the two sectors, the bloc's top financial regulator said on Thursday [Feb. 26].

"Closer direct regulatory and supervisory oversight of hedge funds and private equity is inevitable," E.U. Internal Market Commissioner Charlie McCreevy told a public hearing on the two sectors.

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Hedge Fund Regulatory Action Inevitable: Mccreevy

The two sectors...

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