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By Benedicte Gravrand, Opalesque London: The credit crisis has put a spring in the steps of the many existing regulatory bodies around the world, and the many projects underway are signs of what we may expects in the future of the hedge industry. Watch this space.
- The Hedge Fund Standards Board (HFSB), in London, signed up 33 European and Asian hedge fund managers to its standards of best practice last year, and two (CQS and Martin Currie) so far this year. The HFSB was formed in January 2008 to take forward the work started by the Hedge Fund Working Group (HFWG), whose report on best practice standards was published that month (report here).
- IOSCO: in November 2008, IOSCO (International Organization of Securities Commissions) Technical Committee launched task forces to support G20’s aims (details). The task forces will consider the issues of short-selling; unregulated financial markets and products; and unregulated financial entities and will present their reports at the next Technical Committee meeting in February 2009. This will be input into the next G20 summit in April 2009.
IOSCO, based in Madrid, Spain, is an international policy forum for securities regulators and its membership regulates more than 95% of the world's securi...................... To view our full article Click here
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