EU to consult on hedge fund regulations

The consultation process could result in the Commission putting forward proposed regulations for the hedge fund industry in early 2009, McCreevy said in a speech at the European parliament (December 1)

McCreevy, who has a reputation as a free market non-interventionist, was responding to calls from MEPs for more regulation and oversight of the hedge funds industry. Parliament set out its demands for new rules on hedge funds earlier this year in the Rasmussen and Lehne reports.

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