Spanish presidency puts off EU hedge fund debate

The Spanish EU presidency decided to pull the issue of hedge fund regulation off the agenda of a meeting of EU finance ministers on Tuesday (16 March), as member states struggle to reach a common position.

However Spanish finance minister Elena Salgado said she was determined to reach a deal on the controversial topic before the end of June when Spain hands over the rotating EU presidency to Belgium, leaving the possibility of a qualified majority vote against UK wishes still hanging i...