EU’s Barnier expects agreement on host of new rules in few weeks

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Sunday 5 September 2010 10:25 pm KCS-content THE European Union could agree in the next few weeks a law to regulate hedge funds and private equity operators, blamed by some for financial excesses, according to Michel Barnier, European Commissioner responsible for financial regulation. Barnier said last week’s deal over a set of pan-European watchdogs showed a political willingness for further post-crisis reforms.“We are in the last straight. The big work has been done by the European Parliament. There are two or three sensitive points including on the treatment of third countries and the passport for hedge operators,” he said.Under the proposal, approved hedge fund operators would get “a passport” allowing them to manage funds and sell them across the EU. The same proposal includes regulation of private funds.Previous talks between European lawmakers and country representatives on the plan collapsed in June. EU member states are divided on hedge fund regulation with Germany and France wanting tougher controls than Britain.On private equity regulation, European Parliament members are pushing for tighter rules than in draft proposals. whatsapp Show Comments ▼ EU’s Barnier expects agreement on host of new rules in few weeks center_img whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Share Tags: NULLlast_img

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