Tue, Oct 21, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

French government is progressing on proposed rules to restrict bank lending to hedge funds - Les Echos

Tuesday, March 26, 2013

Benedicte Gravrand, Opalesque Geneva: - Le Figaro, a French daily, reported in January that Parliament was looking into two different aspects of a proposed rule to segregate speculative activity from banking activity. The first one would consist in monitoring the relationship between banks and hedge funds ("fonds alternatifs"). The second one would further restrain high frequency trading (HFT).

Les Echos, another French newspaper, reported last week that this project had been reviewed by the French National Assembly and was now being looked into by the French Senate. The Assembly reinforced the possibility to restrict speculative activity within banks as well as clients’ rights. Senators have more limited room to manoeuvre, the paper notes, but they are still expected to toughen up some proposals, especially when it comes to tax havens. Investment companies may indeed be required in future to do a lot more reporting of the gross profits from in each of the country they invest in – as per the European Union’s Directive CRD4, to come into effect next year.

Another priority for senators, Les Echos continues, is bank lending to hedge funds. At this stage of the law proposal, banks can retain this activity within their head-quarters if their exposure is secured with collaterals. The Socialist senators app......................

To view our full article Click here

Banner

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Exclusive: What's next for trend followers?[more]

    Bailey McCann, Opalesque New York: New research out from Ibbotson touches on a key debate happening among investors and fund managers, specifically whether long term trend followers can survive in the new

  2. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  3. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  4. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  5. Sparx optimistic about outlook for Japan[more]

    Benedicte Gravrand, Opalesque Geneva: According to SPARX, there are causes to be optimistic about the outlook for the Japanese market and the country's economy in general. Sparx Asset Management is a Tokyo-based asset manager, part of