PWG recommends principles based guidance for hedge funds and private equity

The President's Working Group (PWG) on Financial Markets has released a set of principles and guidance for US regulators to follow for hedge funds and private equity organisations, that echoes the EU-influenced principles-based regulation approach.

"The President's Working Group believes that public policy towards private pools of capital should be governed by consistent principles that set out a uniform approach to specific policy objectives," said Henry Paulson, secretary of the Treasury.

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