Iosco calls for offshore crackdown

The International Organization of Securities Commissions (Iosco) has joined calls for new capital rules to enforce transparency on offshore financial centres.

In a list of proposals for hedge fund regulation published today, Iosco cited "regulatory concerns ... about the role of offshore financial centres", and urged offshore regulators to compel fund managers and brokers registered offshore to reveal their trading positions, risk management methods and investment strategies.

"Hedge fund managers

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