The UK, home to most of the world's hedge funds, has won out in a long-running battle with France over European supervision of the controversial and lightly-regulated multi-trillion-dollar sector.
EU finance ministers agreed on Tuesday (19 October) to regulate the sector, under the eye of the European Securities and Markets Authority - the new Paris-based market watchdog tasked with preventing future financial crises on the scale of 2008.
Hedge funds, blamed by some for exacerbat...
Enjoy access to all articles and 25 years of archives, comment and gift articles. Become a member for as low as €1,75 per week.
Already a member? Login