Trichet presents ECB annual report

Trichet discussed the ECB’s view on hedge fund regulation, saying that the impact of hedge fund losses on the derivatives market was a concern.

He added that he supported the findings of the Financial Stability Forum’s May 2007 report on highly leveraged institutions: “The report contains a number of recommendations addressed to supervisors, hedge funds’ counterparties and investors, and the hedge fund industry itself, which I fully share. More than ever, I will support the proposal that the

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