Wed, Oct 1, 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. Legal - Court throws out lawsuits related to Fannie Mae, Freddie Mac profits, Insider case by SEC is a step removed from Herbalife itself, SEC grants Citigroup waivers, easing hedge-fund curbs[more]

    Court throws out lawsuits related to Fannie Mae, Freddie Mac profits From WSJ.com: A group of Wall Street investors on Tuesday suffered a blow in their attempts to sue the federal government over their treatment of the shareholders of mortgage finance giants Fannie Mae and Freddie Mac af

  2. CalPERS’ move might alter hedge fund fees for good[more]

    Benedicte Gravrand, Opalesque Geneva: When CalPERS, the California Public Employees’ Retirement System, announced on September 15th that it was unwinding its hedge-fund portfolio, it was seen by many as is a significant blow to the sector’s appeal. The Fund is

  3. Opalesque Exclusive: Institutions eye private credit over traditional fixed income[more]

    Bailey McCann, Opalesque New York: Investing in private insurance, realty tax receivables, or investment-grade short-term accounts receivable may not spring to mind as a means of mitigating risk in a portfolio, but one firm, New York-based BroadRiver Asset Management is out to change all that. Th

  4. Short-term trading quant fund beats S&P since '09[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A relatively new multi-strategy, market-neutral quantitative hedge fund has managed to outperform the S&P500 and the HFRX Global since 2009. New Jersey-ba

  5. Unconstrained bond funds: Where hedge fund strategies meet mutual funds[more]

    From CNBC.com: For all the talk and buzz around indexes, or passive investing, the next big thing for bond mutual fund investors may be strategies that are the exact opposite. The rapid growth of "unconstrained bond funds" has been thrust into investor spotlight given last Friday's stunning news tha